Press Releases
Marcus & Millichap Brokers Sale of 38-Room AmericInn Hotel in Sleepy Eye, Minnesota
June 24, 2025
SLEEPY EYE, Minn., June 19, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 38-room AmericInn hotel property in Sleepy Eye, Minnesota.
“This property’s direct connection to the city-owned event center positions it as a rare year-round revenue generator with a built-in pipeline of group and event-driven demand,” said Jon Ruzicka, managing director investments. “The new ownership plans to make thoughtful updates while preserving the hotel’s strong local presence. This sale reflects growing investor confidence in Sleepy Eye’s stable, industry-supported hospitality market.”
Ruzicka, Joseph Ferguson and Reed Gizinski, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The AmericInn Sleepy Eye is located at 1100 Main St. E, directly connected to the city-owned Sleepy Eye Events Center. Built in 1990 and situated on 1.76 acres, amenities include an indoor pool, hot tub, business center and complimentary breakfast. The hotel was fully renovated and rebranded in 2017, with a new roof added in 2024.
“This property’s direct connection to the city-owned event center positions it as a rare year-round revenue generator with a built-in pipeline of group and event-driven demand,” said Jon Ruzicka, managing director investments. “The new ownership plans to make thoughtful updates while preserving the hotel’s strong local presence. This sale reflects growing investor confidence in Sleepy Eye’s stable, industry-supported hospitality market.”
Ruzicka, Joseph Ferguson and Reed Gizinski, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.
The AmericInn Sleepy Eye is located at 1100 Main St. E, directly connected to the city-owned Sleepy Eye Events Center. Built in 1990 and situated on 1.76 acres, amenities include an indoor pool, hot tub, business center and complimentary breakfast. The hotel was fully renovated and rebranded in 2017, with a new roof added in 2024.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
