Council Approves Canad Inns Lease Transfer to RZ
Grand Forks council signed off on moving the Canad Inns lease and liquor license to RZ Hospitality, which is still conducting due diligence.
Updated on Nov. 3, 2026 in Hospitality
The Grand Forks City Council approved transferring Canad Inns' lease and liquor license agreements to RZ Hospitality at its Monday meeting. RZ Hospitality, a group of investors that includes Riddle's Group Inc. and its executives, is conducting due diligence on the Canad Inns destination center before a planned deal.
Why it matters
The transfer clears a key step toward a change in ownership and operation of a major local hospitality property in Grand Forks. The move would bring the destination center under new management with planned renovations and a new hotel brand.
The timeline calls for due diligence to end in mid-November 2026, a deal to close in December 2026, and renovations to start around June 2027. Final terms of the sale have not been disclosed in the source material.
The players
RZ Hospitality LLC
A newly formed investor group that is seeking to acquire the Canad Inns destination center in Grand Forks.
Riddle's Group Inc.
A company that owns Riddle's Jewelry and the Grand Harbor Resort and Waterpark in Dubuque, Iowa, and is part of the RZ Hospitality investor group.
Choice Hotels
A major hotel franchisor that would operate the Canad Inns property under the Radisson brand if the purchase is completed.
The details
RZ Hospitality LLC, formed earlier this year, has expressed interest in buying the Canad Inns destination center. If the purchase proceeds, Choice Hotels would operate the property under the Radisson brand, and the building, hotel rooms, furniture, fixtures and equipment would be renovated, with restaurants including l Bistro renovated and rebranded.
Timeline
Monday, November 2, 2026: Grand Forks City Council approves transfer of Canad Inns' lease and liquor license agreements.
Mid-November 2026: RZ Hospitality's due diligence phase is scheduled to end.
December 2026: RZ Hospitality plans to finish the Canad Inns deal.
June 2027: Renovations are expected to begin after the deal is finalized.
Market Landscape
Hotel owners increasingly convert existing properties to large franchise brands such as Radisson through Choice Hotels, which can bring new reservation systems and marketing reach. The Canad Inns planned conversion follows that pattern of rebranding an established property rather than building new supply.
Guests booking at the Canad Inns may eventually see Radisson branding, renovated rooms, and updated restaurants once the sale closes. Current operations and bookings are not described as changing in the source material.
The takeaway
Property sales like this one can reshape a local hotel's brand, amenities and guest experience, so watch for the closing and renovation timeline. Travelers and locals with plans at the Canad Inns should check for updates as the deal progresses.
What happens next
RZ Hospitality's due diligence phase ends in mid-November 2026, with the deal planned to finish in December 2026 and renovations expected to begin around June 2027.
Further reading
Explore more hospitality industry news to see how similar property sales and rebrandings are unfolding.
Source note: This article includes information reported by KNOX Radio, Local News, Weather & Sports from Grand Forks.
