Skip to main content

Hotel-Motel

Americinn Mora

1877 Frontage Rd, Mora, MN 55051

Listing Price: $2,350,000

Cap Rate
10.40%
Number of Rooms
41
RevPAR
$56
Gross SF
29,744
Price/Room
$57,317
RRM
2.80
Price/Gross SF
$79.01
Year Built
1998

Investment Overview

Marcus & Millichap is proud to have been selected as Exclusive Broker and Advisor regarding the marketing effort of the Americinn, Mora MN. This Wyndham branded hotel consists of 41 interior-corridor rooms among 2 floors with a pool. Conveniently located off of Hwy 23 and is the only hotel within a 15 mile radius. The hotel benefits from both leisure and business travel between Minneapolis, Duluth and St. Cloud. As the only nationally branded hotel spanning across much of Hwy 23, the hotel captures demand from loyal Wyndham rewards customers. The property is leading in its CompSet in all three primary STR metrics, ADR, Occupancy and Revpar. The property benefits from a historically high ADR due to the year-round leisure demand, limited supply of rooms within the region, and a beautifully maintained hotel which was last renovated in 2018. Mora, the county seat of Kanabec County, is located approximately 65 miles north of Minneapolis—St. Paul and 55 miles east of St. Cloud at the intersection of Highway 65 and 23. Mora operates a municipal airport adding another transportation option to the city. Mora has many year-round leisure activities such as: Vasaloppet USA – Minnesota’s largest cross country skiing event, Water activities on Lake Mora and Snake River, Bike Races, Motocross, Camping and More. Also, Ogilvie Raceway which draws hundreds of spectators weekly throughout the Summer. In 2021 the hotel recorded revenues well over $700 thousand operating at a net operating income of 29.6 percent, which equates to over $197 thousand. 2022 revenue is on pace to well exceed $800 thousand with a net operating income over $240 thousand. Current operations are a result of absentee ownership. Focusing on operational efficiency, a new owner can see a significant boost in hotel performance through additional revenue management strategies.

Investment Highlights

  • Two story, 41 Room, Interior-Corridor Wyndham branded Americinn
  • 2022 Revenue is on pace to exceed $800k
  • Attractively priced at 2.8 Room Revenue Multiplier
  • Only Nationally Branded hotel within a 15 mile radius
  • Excellent Highway Accessibility from Highway 23 and Highway 65
  • Centrally located between Minneapolis, St. Cloud, and Duluth, some of the largest cities in Minnesota
  • Ample Owner Operator Upside Potential With Current Absentee Ownership

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

Americinn Mora

Listing Price: $2,350,000

Cap Rate
10.40%
Number of Rooms
41
RevPAR
$56
Gross SF
29,744
Price/Room
$57,317
RRM
2.80
Price/Gross SF
$79.01
Year Built
1998

Investment Highlights

  • Two story, 41 Room, Interior-Corridor Wyndham branded Americinn
  • 2022 Revenue is on pace to exceed $800k
  • Attractively priced at 2.8 Room Revenue Multiplier
  • Only Nationally Branded hotel within a 15 mile radius
  • Excellent Highway Accessibility from Highway 23 and Highway 65
  • Centrally located between Minneapolis, St. Cloud, and Duluth, some of the largest cities in Minnesota
  • Ample Owner Operator Upside Potential With Current Absentee Ownership

Investment Overview

Marcus & Millichap is proud to have been selected as Exclusive Broker and Advisor regarding the marketing effort of the Americinn, Mora MN. This Wyndham branded hotel consists of 41 interior-corridor rooms among 2 floors with a pool. Conveniently located off of Hwy 23 and is the only hotel within a 15 mile radius. The hotel benefits from both leisure and business travel between Minneapolis, Duluth and St. Cloud. As the only nationally branded hotel spanning across much of Hwy 23, the hotel captures demand from loyal Wyndham rewards customers. The property is leading in its CompSet in all three primary STR metrics, ADR, Occupancy and Revpar. The property benefits from a historically high ADR due to the year-round leisure demand, limited supply of rooms within the region, and a beautifully maintained hotel which was last renovated in 2018. Mora, the county seat of Kanabec County, is located approximately 65 miles north of Minneapolis—St. Paul and 55 miles east of St. Cloud at the intersection of Highway 65 and 23. Mora operates a municipal airport adding another transportation option to the city. Mora has many year-round leisure activities such as: Vasaloppet USA – Minnesota’s largest cross country skiing event, Water activities on Lake Mora and Snake River, Bike Races, Motocross, Camping and More. Also, Ogilvie Raceway which draws hundreds of spectators weekly throughout the Summer. In 2021 the hotel recorded revenues well over $700 thousand operating at a net operating income of 29.6 percent, which equates to over $197 thousand. 2022 revenue is on pace to well exceed $800 thousand with a net operating income over $240 thousand. Current operations are a result of absentee ownership. Focusing on operational efficiency, a new owner can see a significant boost in hotel performance through additional revenue management strategies.

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

MM Texture Background
MM Textured Background Lower