New owner paid $5.27 million for La Quinta Inn in southeast Rochester

ROCHESTER — A Wisconsin buyer recently paid $5.27 million for the La Quinta Inn and Suites hotel in southeast Rochester. The 83-room, four-story hotel at 4353 Canal Place SE in the Shoppes on Maine commercial area was purchased by RMN Hotel, LLC of West Salem, Wis.

on March 28. RMN is led by Jayesh Patel , according to state records. ADVERTISEMENT The $5.



27 million purchase price included $1.6 million for furniture, goodwill and personal property. Olmsted County estimated the market value of the property at $3.

76 million for 2025-2026. Shakopee, Minnesota-based American Hospitality sold the 12-year-old hotel, which it had owned for seven years. American Hospitality purchased it in 2018 for $7.

4 million. The 50,212-square-foot hotel was originally built by Fargo, North Dakota-based PLC Inc. , led by Chuck Hayes .

This is the fourth Rochester to change hands in the past four months. In December, Minneapolis-based Second Street Hotel Group LLC , which is led by Harshal Patel, paid $7.8 million for the 25-year-old SpringHill Suites hotel at 1125 Second St.

SW. Terratron , a Utah-based firm with a big presence in Minnesota, paid $29.5 million for the Homewood Suites and Courtyard By Marriott hotels and related parking areas at 165/161 13th Ave.

SW on Dec. 18. ADVERTISEMENT.