Planned Sale Of Historic Lakes Area Resort Complex Falls Through

Thu 5-1-2014

(Okoboji)-- 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 North Texas-based DePalma Hotels, says the sale isn't happening and that they don't have any plans to re-list 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 publicly commented on the matter.

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.