University of St. Thomas - Gainey Conference Center

Owatonna, MN
178.77 AC • 35 Guest Rooms
Sold
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SVN | Northco Golf & Hospitality (“SVN | Northco”) was initially engaged by the University of St. Thomas (“UST”) to provide a use/valuation analysis for their southern campus – the Gainey Conference Center (“Gainey”). This facility was primarily used as a corporate conferencing facility along with classroom space for UST.

Located in Owatonna, MN, Gainey is a historic facility consisting of 35 guest rooms, a full service kitchen, a conference center, horse arenas, and numerous other buildings on 178.77 acres of land. After the valuation and presentation to the board at UST, SVN | Northco was engaged to sell the property and procured a premarket buyer who wanted to convert the facility to a rehab retreat center. Working with the city and community, the property went through a zoning change and the buyer expedited the close on the transaction.

"Thanks to the creativity and expertise of the SVN | Northco team, we ultimately closed a very complex asset sale with great results for all involved."

"Based on the recommendations of people we respected, we engaged SVN | Northco to assist us with the sale of the Gainey Conference Center and Hotel. The Gainey Center was a very unique property with a limited potential market. The University of St. Thomas had used the off-campus center for events and classes over the years, but decided that it was time to sell. The SVN | Northco team was professional, engaging, optimistic and impressive. Thanks to the creativity and expertise of the SVN | Northco team, we ultimately closed a very complex asset sale with great results for all involved."

Mark Vangsgard
Vice President for Business Affairs and CFO for University of St. Thomas, Seller

Press Article

University of St. Thomas - Gainey Conference Center
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