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Hotel-Motel

AmericInn Baxter Brainerd

7836 Fairview Rd, Baxter, MN 56425

Listing Price: $3,650,000

Cap Rate
13.64%
Number of Rooms
58
RevPAR
$45
Gross SF
26,160
Price/Room
$62,931
RRM
2.92
Price/Gross SF
$139.53
Year Built
1970

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.

Investment Highlights

  • 58 Room Hotel | Top 5 Leisure Market for MN | 2017 Renovation
  • $1.25mil Revenue | 13.64% Cap Rate INCLUDING 7% Mgmt/Reserves
  • Strong Owner Operator Play | On site Owner Suite
  • Priced @ 2.92x T12 2022 RRM| $62k Per Room | 13.64% Cap T12 2022

Exclusively Listed By

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

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

    Minneapolis

  • 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

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

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

    Minneapolis

Hotel-Motel

AmericInn Baxter Brainerd

Listing Price: $3,650,000

Cap Rate
13.64%
Number of Rooms
58
RevPAR
$45
Gross SF
26,160
Price/Room
$62,931
RRM
2.92
Price/Gross SF
$139.53
Year Built
1970

Investment Highlights

  • 58 Room Hotel | Top 5 Leisure Market for MN | 2017 Renovation
  • $1.25mil Revenue | 13.64% Cap Rate INCLUDING 7% Mgmt/Reserves
  • Strong Owner Operator Play | On site Owner Suite
  • Priced @ 2.92x T12 2022 RRM| $62k Per Room | 13.64% Cap T12 2022

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.

Exclusively Listed By

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

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

    Minneapolis

  • 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

  • Jared Plamann

    Associate

    (952) 852-9745

    Email Jared

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

    Minneapolis

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