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Former Holiday Inn Unencumbered by Franchise of Owatonna, MN

Property Overview

Timm & Associates, Inc. has been exclusively selected to represent the bank in the sale of the former Holiday Inn, currently unencumbered by a Franchise located in Owatonna, MN . Franchise options include: IHG, Wyndham and Best Western This is a rare opportunity to purchase this bank owned property that is priced substantially below current replacement costs for a similar new construction asset. This hotel is currently the largest full-service property in the area, allowing a unique competitive advantage over other hotel in the market. There is substantial operating and financial upside for this hotels and there is interest from multiple brands for a flag conversion.

Property Details

Price: $3,500,000

Address: 2365 43rd Street Owatonna, MN 55060

Rooms: 130

Brand: Unencumbered by Franchise

Franchise:

Area: Southern Minnesota

Type: Full Service

Investment Highlights

Bank owned property
Located 1 hour south of Minneapolis/St. Paul market on Interstate 35
Tremendous opportunity for upside
Multiple opportunities for re-branding
Priced at just under $27,000 per room

Property Photo Gallery

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Request More Information

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.

Confidentiality Agreement

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