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Hotel-Motel

Country Inn & Suites Stillwater

2000 Washington Ave, Stillwater, MN 55082

Listing Price: $5,000,000

Cap Rate
8.40%
Number of Rooms
58
RevPAR
$70
Gross SF
33,735
Price/Room
$86,207
RRM
3.54
Price/Gross SF
$148.21
Year Built
2000

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.

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.

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

Country Inn & Suites Stillwater

Listing Price: $5,000,000

Cap Rate
8.40%
Number of Rooms
58
RevPAR
$70
Gross SF
33,735
Price/Room
$86,207
RRM
3.54
Price/Gross SF
$148.21
Year Built
2000

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.

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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