Skip to main content

Hotel-Motel

Quality Inn Brooklyn Center

1600 James Cir N, Brooklyn Center, MN 55430

Listing Price: $3,800,000

Cap Rate
11.28%
Number of Rooms
60
RevPAR
$57
Gross SF
30,063
Price/Room
$63,333
RRM
3.03
Price/Gross SF
$126.40
Year Built
1995

Investment Overview

Marcus & Millichap is proud to have been chosen as exclusive advisor and broker regarding the marketing effort of the Quality Inn Brooklyn Center. The hotel features 60 guest rooms and is a three-story structure completed in 1995. This investment opportunity is an ideal acquisition for an owner operator or absentee investor wanting to acquire a stabilized hotel with very consistent historical revenue. The hotel boasts a prime location just off the Highway 94 and Highway 694 interchange and just 15 minutes from the Minneapolis Central Business District. The city of Brooklyn Center is considered a first ring suburb in the Minneapolis-St. Paul metropolitan area with a dense population of ~30,755. The population density and central location of the hotel is evident in its historically high occupancy consistently above 75%, 80.7% in 2021. With recent renovations and consistent upkeep, the hotel maintains the brand standard, buyers should expect a minimal transfer PIP if any.

Investment Highlights

  • Three Story, 60 Room Hotel Located in the Heart of the Minneapolis MSA
  • Historically Consistent Room Revenue Above One Million Dollars
  • Well Maintained and Updated Property with Minimal Transfer PIP Expectations

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

    Senior Associate

    (952) 852-9745

    Email Jared

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

    Minneapolis

Financing By

Hotel-Motel

Quality Inn Brooklyn Center

Listing Price: $3,800,000

Cap Rate
11.28%
Number of Rooms
60
RevPAR
$57
Gross SF
30,063
Price/Room
$63,333
RRM
3.03
Price/Gross SF
$126.40
Year Built
1995

Investment Highlights

  • Three Story, 60 Room Hotel Located in the Heart of the Minneapolis MSA
  • Historically Consistent Room Revenue Above One Million Dollars
  • Well Maintained and Updated Property with Minimal Transfer PIP Expectations

Investment Overview

Marcus & Millichap is proud to have been chosen as exclusive advisor and broker regarding the marketing effort of the Quality Inn Brooklyn Center. The hotel features 60 guest rooms and is a three-story structure completed in 1995. This investment opportunity is an ideal acquisition for an owner operator or absentee investor wanting to acquire a stabilized hotel with very consistent historical revenue. The hotel boasts a prime location just off the Highway 94 and Highway 694 interchange and just 15 minutes from the Minneapolis Central Business District. The city of Brooklyn Center is considered a first ring suburb in the Minneapolis-St. Paul metropolitan area with a dense population of ~30,755. The population density and central location of the hotel is evident in its historically high occupancy consistently above 75%, 80.7% in 2021. With recent renovations and consistent upkeep, the hotel maintains the brand standard, buyers should expect a minimal transfer PIP if any.

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

    Senior Associate

    (952) 852-9745

    Email Jared

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

    Minneapolis

Financing By

MM Texture Background
MM Textured Background Lower