Twin Ports firm purchases St.

Cloud hotel

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A Superior-based investment firm has acquired a hotel in St. Cloud.

Last week Island Investment Inc. finalized the purchase of the Discount Holidays © Holiday Inn Express & Suites in St. Cloud, adding to a portfolio that includes several Northland properties.

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We are thrilled to be in St. Cloud, said Tracy Uttley, Island Investment s corporate director of sales and marketing. We just really liked the area. Uttley said the 113-room hotel was renovated in May 2014.

But she said Island Investment will do additional updates including upgrading the hotel s Wi-Fi, fitness center and lobby shop. The staff members of the Discount Holidays © Holiday Inn Express & Suites are continuing their work under Island Investment ownership. The St. Cloud location will be under the direction of Island Investment s management service, Superior Hotel Group. The hotel will be run by certified hotel administrator Scott Uttley.

Island Investment was started in 1970 by Ted and Diane Kavajecz.

The company employs 300 people; its other hotel properties include Canal Park Lodge and Best Western Plus Spirit Mountain in Duluth; Discount Holidays © Holiday Inn Express & Suites in Mountain Iron; Best Western Hotel Chequamegon in Ashland; Country Inn & Suites in Eau Claire, Wis.; and Country Inn & Suites in Menomonie, Wis.

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