Hotel-Motel
Quality Inn Brooklyn Center
1600 James Cir N, Brooklyn Center, MN 55430
Listing Price: $3,800,000
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.
Listing Price: $3,800,000
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.
