Okoboji, IA (AP) — A planned sale of The Inn at Okoboji is off and the hotel’s owner says there are now no plans to sell the historic lakefront property.
Brian DePalma, who heads Dallas, Texas-based DePalma Hotels, said the sale is not happening and there is no plan to relist it right now. DePalma Hotels has operated the 200-room hotel since 2011, when it entered foreclosure.
Scott Nylen announced last October he planned to buy and renovate the property, but those plans have ended. Nylen hasn’t returned repeated requests for comment.
DePalma says he doesn’t know why the sale fell through.
He says the business is doing well and the company has been investing in new mattresses, bedding and carpet.
The hotel dates to 1896.