Super 8 of Park Rapids, MN

http://timmhotelbroker.com/wp-content/uploads/2019/05/Updated-Exterior-wpcf_410x250.jpg
$2,000,000
1020 E 1st Street, Park Rapids, MN 56470
62
Super 8
Wyndham Worldwide
Limited Service
Northern Minnesota

Property Overview

The Super 8 of Park Rapids, MN is an excellent opportunity to acquire a hotel that is showing steady revenue growth year after year. The hotel has completed many recent interior renovations and is priced well below replacement cost. Park Rapids is located in northwestern Minnesota neighbors Itasca State Park. Demand generators include CHI Joseph’s Health, Walmart, Heartland State Trail, and Lamb Weston/RDO.

Investment Highlights

  • Priced well below replacement cost at just over $32,000 per room
  • Recent improvements with a strong national brand
  • Meticulously maintained property with a high degree of cleanliness
  • Stable revenues with upcoming increased business potential

To request more information on this property, please complete a confidentiality agreement. All inquiries must be made through Timm & Associates, Inc. Interested buyers are not allowed to visit or contact the property or its management directly.