Rainy Days LLC, based out of St. Louis, bought the property early last month. Partners David Dodge and Mike Slane are in the process of converting the 67-room motel to about 45 unfurnished studio, one-bedroom and two-bedroom apartments. Dodge said the business oversees 65 single-family homes and another 30 to 35 apartment units.

When asked what prompted them to purchase the aging motel, Dodge said he was impressed by his experience with local businesses in a similar project in the area.

The smaller building of the former Red Cedar Lodge motel complex bears its new sign, Sunshine Apartments, so named because the owners plan to put solar panels on the buildings' roofs to help keep rent competitively priced.

“I’d already bought and rehabbed a 24-unit apartment building in Park Hills, and I was just looking for some projects nearby where I could maintain my current property management and my current general contractor,” he said, respectively referring to local businesses Professional Property Management (PPM) and Morris Handyman Services LLC.

“I had a really good relationship with them on the first deal, and I thought, you know what, if I can find something nearby that I can keep working with them, that's what I want to do,” Dodge said, adding Denise Gallagher of PPM suggested he make an offer on Red Cedar Lodge. “I said … 'OK, let’s go'. We went, made an offer and they liked our offer and here we are.”

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