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Hotel-Motel

Country Inn & Suites Cottage Grove

8350 E Point Douglas Rd S, Cottage Grove, MN 55016

Listing Price: $8,000,000

Cap Rate
8.97%
Number of Rooms
76
RevPAR
$70
Price/Room
$105,263
RRM
3.84
Year Built
2001

Investment Overview

Marcus & Millichap Minneapolis is proud to have been selected as exclusive advisor and broker regarding the marketing of the three-story, 76 room, Country Inn & Suites Cottage Grove. located off Highway 10 and approximately 20 minutes southeast of St. Paul. Guests flying into Minneapolis-Saint Paul International Airport (MSP) can reach our hotel in less than half an hour via MN-62 E and US-10 E/US 61 S. Halfway between Inver Grove Heights and Hastings and about 15 miles from downtown St. Paul, the Country Inn & Suites, Cottage Grove, MN places you within easy reach of the top things to do in the Twin Cities area. During the winter months, you can make memories with your family skiing and snowboarding at Afton Alps. The immense Mall of America® features hundreds of restaurants and stores, as well as amusement park rides and an aquarium. Major corporations like 3M, Up North Plastics, and Northern Tier Energy are all located within 10 miles of the hotel. The next owner will benefit from acquiring a well-maintained structure but more importantly, an experienced staff and team that will keep the hotel operating. With the strong historical performance of the operation, the substantial renovation, substantial site value, and has spent the last seven years under the current ownership, potential investors can feel confident in pursuing this as an opportunity for investment. The Country Inn & Suites Cottage Grove Hotel is priced attractively at $8,000,000.00. Below replacement cost for the 76 rooms and three stories that sits next door to one of the most popular restaurants in the area, Applebee’s. This is an opportunity to acquire a prime metro area asset that has is generating over $2 million . At the listing price, 2022 room revenue multiplier (RRM) is 3.84x. Operationally, the hotel has flowed between twenty-five to thirty-five percent of its generated revenue to the bottom line. The hotel generated a 2022 RevPAR of $69.79 versus $62.16 in 2019.

Investment Highlights

  • 2001 Built | 76 Room | 3 Story
  • 10% Cap | 3.84x Room Revenue
  • Less than 15 miles from Saint Paul and MSP Airport

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

  • Jared Plamann

    Senior Associate

    (952) 852-9745

    Email Jared

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

    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

Hotel-Motel

Country Inn & Suites Cottage Grove

Listing Price: $8,000,000

Cap Rate
8.97%
Number of Rooms
76
RevPAR
$70
Price/Room
$105,263
RRM
3.84
Year Built
2001

Investment Highlights

  • 2001 Built | 76 Room | 3 Story
  • 10% Cap | 3.84x Room Revenue
  • Less than 15 miles from Saint Paul and MSP Airport

Investment Overview

Marcus & Millichap Minneapolis is proud to have been selected as exclusive advisor and broker regarding the marketing of the three-story, 76 room, Country Inn & Suites Cottage Grove. located off Highway 10 and approximately 20 minutes southeast of St. Paul. Guests flying into Minneapolis-Saint Paul International Airport (MSP) can reach our hotel in less than half an hour via MN-62 E and US-10 E/US 61 S. Halfway between Inver Grove Heights and Hastings and about 15 miles from downtown St. Paul, the Country Inn & Suites, Cottage Grove, MN places you within easy reach of the top things to do in the Twin Cities area. During the winter months, you can make memories with your family skiing and snowboarding at Afton Alps. The immense Mall of America® features hundreds of restaurants and stores, as well as amusement park rides and an aquarium. Major corporations like 3M, Up North Plastics, and Northern Tier Energy are all located within 10 miles of the hotel. The next owner will benefit from acquiring a well-maintained structure but more importantly, an experienced staff and team that will keep the hotel operating. With the strong historical performance of the operation, the substantial renovation, substantial site value, and has spent the last seven years under the current ownership, potential investors can feel confident in pursuing this as an opportunity for investment. The Country Inn & Suites Cottage Grove Hotel is priced attractively at $8,000,000.00. Below replacement cost for the 76 rooms and three stories that sits next door to one of the most popular restaurants in the area, Applebee’s. This is an opportunity to acquire a prime metro area asset that has is generating over $2 million . At the listing price, 2022 room revenue multiplier (RRM) is 3.84x. Operationally, the hotel has flowed between twenty-five to thirty-five percent of its generated revenue to the bottom line. The hotel generated a 2022 RevPAR of $69.79 versus $62.16 in 2019.

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

  • Jared Plamann

    Senior Associate

    (952) 852-9745

    Email Jared

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

    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

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