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Hotel-Motel

Best Western Alexandria

508 Twin Blvd, Alexandria, MN 56308

Listing Price: $4,500,000

Cap Rate
11.80%
Number of Rooms
47
RevPAR
$88
Gross SF
20,698
Price/Room
$95,745
RRM
2.99
Price/Gross SF
$217.41
Year Built
1991

Investment Overview

Marcus & Millichap is honored to be the Exclusive Broker and Advisor for the marketing effort of the Best Western in Alexandria, MN. This distinguished Best Western branded hotel features 47 interior-corridor rooms across 2 floors, complete with a pool and elevator. Strategically situated off Interstate Highway 94, it serves as a pivotal point between Fargo, ND, and Minneapolis, MN. Notably, Exit 103, hosting the road closure barricade for severe weather conditions, ensures a steady flow of travelers, particularly during the winter months.

The property leads its CompSet in both Occupancy and RevPAR, boasting an impressive ADR of $124.80—a testament to its standing as one of the highest ADR markets in Minnesota. This is attributed to the hotel's year-round leisure demand, the scarcity of economy rooms in the region, and its well-maintained facilities, last renovated in 2022. An enticing aspect for potential buyers is the current franchise agreement falling under the highly desirable Best Western Membership Agreement. This unique
opportunity offers favorable fees and flexibility for owners. Situated in Alexandria, the county seat of Douglas County, approximately 126 miles north of Minneapolis—St. Paul, the hotel benefits from diverse year-round demand generators. These include weddings, tourists engaging in outdoor and lake activities, an annual Trap Shooting competition drawing over ten thousand participants, various high school sports teams, and ongoing development attracting construction crews and truck drivers.

Investment Highlights

  • Two-story, 47-room, interior-corridor Best Western branded hotel with an elevator.
  • Thriving in a high ADR market with increasing revenue year over year.
  • Excellent highway accessibility from Interstate Highway 94.

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

    Senior Associate

    (952) 852-9745

    Email Jared

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

    Minneapolis

Financing By

Hotel-Motel

Best Western Alexandria

Listing Price: $4,500,000

Cap Rate
11.80%
Number of Rooms
47
RevPAR
$88
Gross SF
20,698
Price/Room
$95,745
RRM
2.99
Price/Gross SF
$217.41
Year Built
1991

Investment Highlights

  • Two-story, 47-room, interior-corridor Best Western branded hotel with an elevator.
  • Thriving in a high ADR market with increasing revenue year over year.
  • Excellent highway accessibility from Interstate Highway 94.

Investment Overview

Marcus & Millichap is honored to be the Exclusive Broker and Advisor for the marketing effort of the Best Western in Alexandria, MN. This distinguished Best Western branded hotel features 47 interior-corridor rooms across 2 floors, complete with a pool and elevator. Strategically situated off Interstate Highway 94, it serves as a pivotal point between Fargo, ND, and Minneapolis, MN. Notably, Exit 103, hosting the road closure barricade for severe weather conditions, ensures a steady flow of travelers, particularly during the winter months. The property leads its CompSet in both Occupancy and RevPAR, boasting an impressive ADR of $124.80—a testament to its standing as one of the highest ADR markets in Minnesota. This is attributed to the hotel's year-round leisure demand, the scarcity of economy rooms in the region, and its well-maintained facilities, last renovated in 2022. An enticing aspect for potential buyers is the current franchise agreement falling under the highly desirable Best Western Membership Agreement. This unique opportunity offers favorable fees and flexibility for owners. Situated in Alexandria, the county seat of Douglas County, approximately 126 miles north of Minneapolis—St. Paul, the hotel benefits from diverse year-round demand generators. These include weddings, tourists engaging in outdoor and lake activities, an annual Trap Shooting competition drawing over ten thousand participants, various high school sports teams, and ongoing development attracting construction crews and truck drivers.

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

    Senior Associate

    (952) 852-9745

    Email Jared

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

    Minneapolis

Financing By

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