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Hotel-Motel

Super 8 Fergus Falls

2454 College Way, Fergus Falls, MN 56537

Listing Price: $975,000

Cap Rate
5.18%
Number of Rooms
32
RevPAR
$47
Gross SF
71,438
Price/Room
$30,469
RRM
2.32
Price/Gross SF
$13.65
Year Built
1977

Investment Overview

Marcus & Millichap is proud to have been chosen as exclusive advisor and broker in regards to the marketing effort of the recently renovated Super 8 Fergus Falls. The hotel features 32 guest rooms and is a two-story structure completed in 1977. This investment opportunity is an ideal acquisition for an owner/operator wanting to acquire an extensively renovated hotel and willing to implement a more hands on approach. The hotel has undergone many recent renovations including: case goods, artwork, flat screen televisions, room lighting and paint, as well as new windows throughout featuring a granite sill. It boasts prime location off of the Highway 210 exit from heavily traveled Interstate 94. It is situated on the west side of Fergus Falls’ Central Business District, and just two miles to the Fergus Falls Municipal Airport. This pet-friendly hotel offers free breakfast, free WiFi, large vehicle parking, hair dryers, single serve coffee makers, and a microwave and refrigerator in all rooms. The town of Fergus Falls is the County Seat of Otter Tail County. It is located approximately two hours from Minneapolis, MN and one hour from Fargo, ND. It is located in the heart of the heavily visited lakes area of West Central Minnesota.

Investment Highlights

  • Value add Opportunity for Owner Operator
  • 32 Rooms, 1 Room designed for conversion to Manager Apartment
  • 2021 Room Revenue above $400k

Exclusively Listed By

  • Joseph Ferguson

    Associate

    (952) 852-9769

    Email Joseph

    License(s): MN: 40737246

    Minneapolis

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

    License(s): MN: 40605209, WI: 89876-94

    Minneapolis

Financing By

Hotel-Motel

Super 8 Fergus Falls

Listing Price: $975,000

Cap Rate
5.18%
Number of Rooms
32
RevPAR
$47
Gross SF
71,438
Price/Room
$30,469
RRM
2.32
Price/Gross SF
$13.65
Year Built
1977

Investment Highlights

  • Value add Opportunity for Owner Operator
  • 32 Rooms, 1 Room designed for conversion to Manager Apartment
  • 2021 Room Revenue above $400k

Investment Overview

Marcus & Millichap is proud to have been chosen as exclusive advisor and broker in regards to the marketing effort of the recently renovated Super 8 Fergus Falls. The hotel features 32 guest rooms and is a two-story structure completed in 1977. This investment opportunity is an ideal acquisition for an owner/operator wanting to acquire an extensively renovated hotel and willing to implement a more hands on approach. The hotel has undergone many recent renovations including: case goods, artwork, flat screen televisions, room lighting and paint, as well as new windows throughout featuring a granite sill. It boasts prime location off of the Highway 210 exit from heavily traveled Interstate 94. It is situated on the west side of Fergus Falls’ Central Business District, and just two miles to the Fergus Falls Municipal Airport. This pet-friendly hotel offers free breakfast, free WiFi, large vehicle parking, hair dryers, single serve coffee makers, and a microwave and refrigerator in all rooms. The town of Fergus Falls is the County Seat of Otter Tail County. It is located approximately two hours from Minneapolis, MN and one hour from Fargo, ND. It is located in the heart of the heavily visited lakes area of West Central Minnesota.

Exclusively Listed By

  • Joseph Ferguson

    Associate

    (952) 852-9769

    Email Joseph

    License(s): MN: 40737246

    Minneapolis

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

    License(s): MN: 40605209, WI: 89876-94

    Minneapolis

Financing By

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