Investment Overview

Marcus & Millichap is proud to have been chosen as exclusive advisor and broker regarding the marketing effort of the AmericInn Baxter located at 7836 Fairview Road in Baxter Minnesota. This offering presents a rare opportunity to acquire this leisure market asset within one of the strongest leisure markets in Minnesota. The property is priced at $3,650,000 which equates to $62,931 per room and 2.92x trailing 12-month October room revenue. The hotel was constructed in 1974 with two stories and 58 rooms. The property was refreshed in 2017 including extensive public area renovation. Located in Crow Wing County, the hotel is located in one of Minnesota’s most desirable leisure markets. The Brainerd and Baxter is the premier lakes region of Minnesota and drives visitors year-round from lake recreation to winter hockey tournaments to fishing and ice fishing. The property is unencumbered by management. Twelve-month RevPAR in the Minnesota North Area hotel submarket was up sharply as of October, climbing at a 10.4% year-over-year rate. In the Minnesota market, RevPAR increased at an even stronger rate of 20.0% over the same timeframe. The hotel has achieved $105.54 ADR, 42.47% Occupancy, and a RevPAR of $44.83.