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Hotel-Motel

GrandStay Hotel & Suites Delano

395 13th St, Delano, MN 55328

Listing Price: $5,250,000

Cap Rate
10.80%
Number of Rooms
54
RevPAR
$74
Gross SF
37,312
Price/Room
$97,222
RRM
3.59
Price/Gross SF
$140.71
Year Built
2015

Investment Overview

P&E Hospitality with Marcus & Millichap is pleased to present the GrandStay Hotel & Suites Delano, a modern, upper-midscale extended-stay hospitality asset located at 395 13th Street S in Delano, Minnesota. Built in 2015 and offered to market for the first time by the original developers, this 54 room property represents a rare investment opportunity in a growing, affluent community just 28 miles from Minneapolis. Strategically positioned in an area with limited competition, the hotel caters to business travelers, relocators, and long-term vacationers, offering spacious suites and a wide range of amenities. Those amenities include complimentary high-speed Wi-Fi, on-site laundry, and a heated indoor pool and hot tub. The offering price of $5.25 million equates to a 3.59x room revenue multiplier and an 8.16% cap rate without management reserves. Overall, this value-add opportunity combines small-town charm with metro accessibility, making it an attractive option for investors seeking both immediate, stable returns and long-term growth potential.

Investment Highlights

  • Attractive Pricing: 3.5x Room Rev | Under $100k Per Key
  • Contemporary Extended-Stay Hotel Built in 2015 and First Time on Market
  • Consistent Demand Driven by Business Travelers, Relocators, and Long-Term
  • Less than 20 miles away from Lake Minnetonka
  • Strategic Location Just 28 Miles from Minneapolis in a Thriving Suburban Corridor

Exclusively Listed By

Hotel-Motel

GrandStay Hotel & Suites Delano

Listing Price: $5,250,000

Cap Rate
10.80%
Number of Rooms
54
RevPAR
$74
Gross SF
37,312
Price/Room
$97,222
RRM
3.59
Price/Gross SF
$140.71
Year Built
2015

Investment Highlights

  • Attractive Pricing: 3.5x Room Rev | Under $100k Per Key
  • Contemporary Extended-Stay Hotel Built in 2015 and First Time on Market
  • Consistent Demand Driven by Business Travelers, Relocators, and Long-Term
  • Less than 20 miles away from Lake Minnetonka
  • Strategic Location Just 28 Miles from Minneapolis in a Thriving Suburban Corridor

Investment Overview

P&E Hospitality with Marcus & Millichap is pleased to present the GrandStay Hotel & Suites Delano, a modern, upper-midscale extended-stay hospitality asset located at 395 13th Street S in Delano, Minnesota. Built in 2015 and offered to market for the first time by the original developers, this 54 room property represents a rare investment opportunity in a growing, affluent community just 28 miles from Minneapolis. Strategically positioned in an area with limited competition, the hotel caters to business travelers, relocators, and long-term vacationers, offering spacious suites and a wide range of amenities. Those amenities include complimentary high-speed Wi-Fi, on-site laundry, and a heated indoor pool and hot tub. The offering price of $5.25 million equates to a 3.59x room revenue multiplier and an 8.16% cap rate without management reserves. Overall, this value-add opportunity combines small-town charm with metro accessibility, making it an attractive option for investors seeking both immediate, stable returns and long-term growth potential.

Exclusively Listed By

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