Press Releases
Marcus & Millichap Arranges Sale of 45-Room Country Inn & Suites in Detroit Lakes, Minnesota
July 13, 2026
DETROIT LAKES, Minn., July 13, 2026 – 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 45-room Country Inn & Suites property in Detroit Lakes, Minnesota.
“This transaction reflects the continued investor demand for well-maintained, premium-branded hotels in Minnesota’s drive-to leisure markets,” said Joseph Ferguson, director investments. “Detroit Lakes remains one of Minnesota’s strongest regional lodging destinations, supported by a diverse mix of tourism, outdoor recreation, local events, healthcare and business travel, which continues to drive long-term investor interest in the area.”
Ferguson, Jon Ruzicka, Reed Gizinski and Brock Banken, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, DL Hotel Group LLC, and procured the South Dakota-based buyer.
Built in 1996, the 45-room Country Inn & Suites is situated on 1.73 acres at 1330 U.S. Highway 10. The recently renovated hotel is located just off Highway 10 and within walking distance of Detroit Lake, with convenient access to Detroit Mountain Recreation Area, the Heartland State Trail and more than 400 lakes within a 25-mile radius, positioning it near some of the region’s premier year-round outdoor recreation and tourism destinations. The buyer plans to continue operating the property as a Country Inn & Suites while building on its strong reputation within the market.
“This transaction reflects the continued investor demand for well-maintained, premium-branded hotels in Minnesota’s drive-to leisure markets,” said Joseph Ferguson, director investments. “Detroit Lakes remains one of Minnesota’s strongest regional lodging destinations, supported by a diverse mix of tourism, outdoor recreation, local events, healthcare and business travel, which continues to drive long-term investor interest in the area.”
Ferguson, Jon Ruzicka, Reed Gizinski and Brock Banken, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, DL Hotel Group LLC, and procured the South Dakota-based buyer.
Built in 1996, the 45-room Country Inn & Suites is situated on 1.73 acres at 1330 U.S. Highway 10. The recently renovated hotel is located just off Highway 10 and within walking distance of Detroit Lake, with convenient access to Detroit Mountain Recreation Area, the Heartland State Trail and more than 400 lakes within a 25-mile radius, positioning it near some of the region’s premier year-round outdoor recreation and tourism destinations. The buyer plans to continue operating the property as a Country Inn & Suites while building on its strong reputation within the market.
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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, 2025, the company had 1,808 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 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
