This property is Off-Market

400 Morrow Ave
Detroit Lakes, MN 56501 ·

38 Rooms · Hotel & Motel For Sale

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Americas Best Value Inn Detroit Lakes

Price N/A Property Use Type Vacant/Owner-User
No. Rooms 38 RevPAR $28
Building Size 20,000 SF No. Stories 2
Property Type Hotel & Motel Year Built 1984
Property Sub-type Economy/Limited Service Corridor Interior
Listing ID: 16831236 Date Created: 09/11/2010 Last Updated: 12/19/2014

Description

This hotel features a managers apartment and provides an excellent opportunity for an owner operator to return market share and rate to previous years levels. The hotel has lost market share in recent years and represents an easy improvement for an active owner.

The Americas Best Value Inn is an attractive 38-unit property located within Central Minnesota' s popular resort area. Located only 45 miles from Fargo, North Dakota this hotel is located at the intersection of the two main highways that serve this region. The property has excellent visibility from Highway 59 and is immediately adjacent to a Perkin' s restaurant and Tesoro fuel stop. It has an excellent location to capitalize on corporate and leisure travelers that require lodging in this region of the state.

This property is in a high profile location at the intersection of the east/west and the north/south highways the serve Detroit Lakes. Approximately 18,000 vehicles pass by the hotel daily on US 10 (east/west) and 8,000 on US 59 (north/south). The hotel is across the street from the Minnesota Department of Transportation regional center. The property is 45 miles from Fargo ND and 220 miles from Minneapolis-St. Paul.

Highlights

  • 38 Units + managers residence
  • Located in popular resort area
  • $457K Revenue for 2013
  • Excellent owner/operator hotel
  • Located at intersection of the two main highways in the region
  • Perkins restaurant and Tesoro fuel station next door

Research

400 Morrow Ave, Detroit Lakes, MN 56501 (Becker County)

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