(KNOX) – At Monday’s Grand Forks City Council meeting, RZ Hospitality LLC showed interest in buying the Canad Inns destination center. The council approved transferring Canad Inns’ lease and liquor license agreements over to RZ Hospitality. RZ Hospitality is a group made up of investors that includes Riddle’s Group Inc. and executives from Riddle’s Group. Riddle’s Group owns Riddle’s Jewelry.
RZ Hospitality was created this year and Riddle’s Group owns other hotels such as the Grand Harbor Resort and Waterpark, which is located in Dubuque, Iowa.
The Canad Inns would be operated by Choice Hotels under the Radisson brand if RZ buys the property. There would be renovations and upgrades made to the building hotel rooms, furniture, fixtures and equipment. The restaurant that was known as ‘l Bistro, and other restaurants would be renovated and be rebranded.
RZ Hospitality is in the due diligence phase until the middle of this month, and they are planning to finish the deal in December. The renovations would end up starting around June 2027 once the deal is finished.
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