Springfield Microtel sale announced
SPRINGFIELD-The Springfield Lodging, LLC Board of Governors announced the pending sale of the 30-unit Springfield Microtel Inn & Suites to Neeta and Mike Chauhari of Sisseton, S.D.
The Chauharis own and operate a Super 8 motel in Sisseton and other motels in South Dakota, North Dakota and Wyoming.
Reasons for selling the Springfield motel included the need to borrow money to meet operating expenses and not being able to repay the loans. The nine-year-old facility is in need of equipment and furniture updates and the people who want to buy the facility were found by the board to be able to maintain a good operation.
The sale closing date was on or before June 1, 2014.