This property is Off-Market
1244 Canterbury Road
Shakopee, MN 55379 ·
175 Rooms · Hotel & Motel For Sale
|Price||N/A||Property Use Type||Investment|
|Building Size||133,628 SF||Lot Size||7.53 AC|
|Property Type||Hotel & Motel||APN / Parcel ID||271560020|
|Property Sub-type||Full Service|
|Listing ID: 17596170||Date Created: 03/30/2012||Last Updated: 11/27/2013|
This 175 room full-service hotel is located immediately adjacent to Canterbury Park, a well-known horse racing, poker & casino gaming destination in the Twin Cities.
This 4 star rated three story-hotel, with a Price to Income ratio of 2x, includes the Arizona Steakhouse and Sports Lounge, large swimming pool, 2 whirlpools, saunas, workout room, banquet facilities, & 20,000 SF of office space. With Beverage and Lounge income exceeding $1,000,000 annually, and a 23% ADR increase since 2008, this hotel is a solid & stable hospitality asset with tremendous upside for new ownership.
Serious & qualified inquiries only. NDA required to release financial data.
Shakopee, Minnesota. Approximately 25 minutes from Minneapolis CBD.
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