This property is Off-Market

1 River Bend Place
Chaska, MN 55318 ·

81 Rooms · Hotel & Motel For Sale

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Best Western Plus

Price N/A Cap Rate 7.82%
No. Rooms 81 No. Stories 3
Building Size 16,000 SF Year Built 1996
Property Type Hotel & Motel Corridor Interior
Property Sub-type Economy/Limited Service Lot Size 1.22 AC
Property Use Type Investment
Listing ID: 17405603 Date Created: 11/07/2011 Last Updated: 01/02/2013

Description

MOTIVATED SELLER!!
Beautiful 3 Story Franchise, Interior Corridor, AAA-3 Diamond Approved Hotel in Chaska, MN. This city of Chaska is conveniently located only 20 Miles from Minneapolis off Highway 212 and Highway 41.

The Franchise Hotel has performed very well the past few years. The Best Western is performing Extremly Well with Year to Date Revenue up $160,000 compared to 2011!! Additional Revenue is generated from the Valley Fair Amusement Park, on site Gift Shop and Banquet / Meeting events. There is a leased restaurant on site that generates an extra revenue as well.

The Hotel offers guests Beautifully appointed rooms (some have River Views) with new 32 Flat Panel TV' s, microwaves, refrigerators, telephones, coffee makers, high-speed internet, Iron & Iron Board, alarm clock, hairdryer, sofa sleepers and several other amenities. The hotel has a great mix of Kitchenettes, Jacuzzi Suites, Queen and King Bedded Rooms.

Chaska is a growing community with a population of over 24,000 residents. It' s located on the beautiful Minnesota River outside the Twin Cities Metro Area. Chaska is home to several outdoor / indoor recreational activities for guests, travelers and local residents. The Best Western offers easy access for guests to Chaska' s charming Downtown Region, Lake Minnetonka, Minnesota Landscape Arboretum, Canterbury Race Track and the award winning 18 hole Chaska Town Golf Course.

Research

1 River Bend Place, Chaska, MN 55318 (Carver County)

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