Hotel-Motel
Country Inn & Suites Stillwater
2000 Washington Ave, Stillwater, MN 55082
Listing Price: $5,000,000
Investment Overview
Marcus & Millichap is proud to have been chosen as Exclusive Broker and Advisor in regard to the marketing effort of the recently renovated Country Inn & Suites in Stillwater, MN. This acquisition provides the opportunity to acquire a turn key upper midscale hotel in the highly sought after and seldom available Minneapolis MSA. Country Inn & Suites Stillwater MN is a recently renovated, turn-key upper midscale hotel located in the Minneapolis/St. Paul MSA. With 58 guest rooms, indoor pool and whirlpool, complimentary parking, meeting rooms, fitness center, and modern amenities, this hotel is designed to meet the needs of today's travelers. The hotel is a three-story structure built in 1998 and features an ideal room mix inclusive of a number of suites. Current ownership went through an extensive renovation that concluded in 2021. Once stabilized projected room revenue figures are approaching $2 million; an experienced hotel owner should be able to expedite this path to stabilization. A new owner will be the direct beneficiary of all of the recent substantial capital expenditures and should expect minimal transfer PIP obligations. The Stillwater market has historically been a well performing and high ADR market. The hotel is situated in a high-traffic retail corridor and is a short drive from downtown St. Paul and the airport. The location offers strong leisure and travel demand, and a new owner will benefit from the recent renovations and upgrades, with projected room revenue reaching $2 million. The hotel is an ideal investment opportunity for experienced hotel owners. There is also an ideal room mix inclusive of a number of suites. Country Inn & Suites in Stillwater MN is located in the Minneapolis/St. Paul MSA and is easily accessible from the highly traveled Interstate 94. With its prime location in the St. Croix valley, this hotel offers strong leisure and travel demand, as evidenced by its high average daily rate. The hotel is conveniently located approximately 20 minutes from downtown St. Paul and the Minneapolis/St. Paul International Airport. This is an ideal location for travelers seeking a comfortable and convenient stay.
Country Inn & Suites Stillwater
Investment Highlights
- Extensive Renovation Completed in 2021. New Owner PIP is Expected to be Minimal to Non-Existent.
- Rare Opportunity to Acquire a Turn-Key Minneapolis MSA Upper Midscale Hotel For Considerably Below Replacement Cost.
- Desirable Location Drawing Year Round Travel Demand in a Prominent Suburb of Minneapolis.
- Current Ownership is Hands-Off Providing Operational Upside Potential for an Experienced Operator.
Listing Price: $5,000,000
Investment Highlights
- Extensive Renovation Completed in 2021. New Owner PIP is Expected to be Minimal to Non-Existent.
- Rare Opportunity to Acquire a Turn-Key Minneapolis MSA Upper Midscale Hotel For Considerably Below Replacement Cost.
- Desirable Location Drawing Year Round Travel Demand in a Prominent Suburb of Minneapolis.
- Current Ownership is Hands-Off Providing Operational Upside Potential for an Experienced Operator.
Investment Overview
Marcus & Millichap is proud to have been chosen as Exclusive Broker and Advisor in regard to the marketing effort of the recently renovated Country Inn & Suites in Stillwater, MN. This acquisition provides the opportunity to acquire a turn key upper midscale hotel in the highly sought after and seldom available Minneapolis MSA. Country Inn & Suites Stillwater MN is a recently renovated, turn-key upper midscale hotel located in the Minneapolis/St. Paul MSA. With 58 guest rooms, indoor pool and whirlpool, complimentary parking, meeting rooms, fitness center, and modern amenities, this hotel is designed to meet the needs of today's travelers. The hotel is a three-story structure built in 1998 and features an ideal room mix inclusive of a number of suites. Current ownership went through an extensive renovation that concluded in 2021. Once stabilized projected room revenue figures are approaching $2 million; an experienced hotel owner should be able to expedite this path to stabilization. A new owner will be the direct beneficiary of all of the recent substantial capital expenditures and should expect minimal transfer PIP obligations. The Stillwater market has historically been a well performing and high ADR market. The hotel is situated in a high-traffic retail corridor and is a short drive from downtown St. Paul and the airport. The location offers strong leisure and travel demand, and a new owner will benefit from the recent renovations and upgrades, with projected room revenue reaching $2 million. The hotel is an ideal investment opportunity for experienced hotel owners. There is also an ideal room mix inclusive of a number of suites. Country Inn & Suites in Stillwater MN is located in the Minneapolis/St. Paul MSA and is easily accessible from the highly traveled Interstate 94. With its prime location in the St. Croix valley, this hotel offers strong leisure and travel demand, as evidenced by its high average daily rate. The hotel is conveniently located approximately 20 minutes from downtown St. Paul and the Minneapolis/St. Paul International Airport. This is an ideal location for travelers seeking a comfortable and convenient stay.
