Press Releases
Marcus & Millichap Brokers Sale of 46-Room AmericInn Hotel in Detroit Lakes, Minn.
August 14, 2025
DETROIT LAKES, Minn., Aug. 14, 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 46-room AmericInn hotel property in Detroit Lakes, Minnesota.
“After previous marketing efforts by the seller did not result in a sale, we were able to leverage the Marcus & Millichap platform to connect with qualified buyers and renew interest in the property, ultimately bringing the deal to a successful close,” said Brock Banken, associate investments. “The new ownership plans to renovate guest rooms, common areas and the exterior, and take a hands-on approach to operations to improve performance. With Detroit Lakes’ status as a year-round destination and its strong seasonal demand, the market is well-positioned for continued growth.”
Banken, Jake Erickson and Jared Plamann, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, Cwikla Hospitality, LLC, and procured the buyer, Mahaveer, LLC.
Located at 777 U.S. Highway 10, the AmericInn Detroit Lakes was built in 1995 and offers amenities including an indoor pool, hot tub, sauna, meeting room and business center. The hotel sits on 3.21 acres in a high-visibility area that sees more than 37,000 vehicles a day. Detroit Lakes draws business and leisure travelers for fishing, hunting and access to more than 400 lakes in and around the city.
“After previous marketing efforts by the seller did not result in a sale, we were able to leverage the Marcus & Millichap platform to connect with qualified buyers and renew interest in the property, ultimately bringing the deal to a successful close,” said Brock Banken, associate investments. “The new ownership plans to renovate guest rooms, common areas and the exterior, and take a hands-on approach to operations to improve performance. With Detroit Lakes’ status as a year-round destination and its strong seasonal demand, the market is well-positioned for continued growth.”
Banken, Jake Erickson and Jared Plamann, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, Cwikla Hospitality, LLC, and procured the buyer, Mahaveer, LLC.
Located at 777 U.S. Highway 10, the AmericInn Detroit Lakes was built in 1995 and offers amenities including an indoor pool, hot tub, sauna, meeting room and business center. The hotel sits on 3.21 acres in a high-visibility area that sees more than 37,000 vehicles a day. Detroit Lakes draws business and leisure travelers for fishing, hunting and access to more than 400 lakes in and around the city.
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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.
