400 Morrow Ave, Detroit Lakes, MN, 56501 - Available for Sale

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Americas Best Value Inn Detroit Lakes

400 Morrow Ave, Detroit Lakes, MN 56501

$1,050,000

38 Rooms | Hotel & Motel

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Hotel / Motel For Sale - In Contract

Price:
$1,050,000
No. Rooms:
38
Building Size:
20,000 SF
Price/Room:
$27,631.58
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Vacant/Owner-User
RevPAR:
$28
No. Stories:
2
Year Built:
1984
Corridor:
Interior
Listing ID
16831236
Last Updated
8 days ago

Find Out More...

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

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.

Room Mix Information

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

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Ted Leines
Ted Leines

Hotel Brokerage and Advisory

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Americas Best Value Inn Detroit Lakes
  • Hotel & Motel
  • $1,050,000
  • 38 Rooms
  • 20,000 SF