Historical Hotel & Motel Sale Listing - Canterbury Inn

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Canterbury Inn

1244 Canterbury Road, Shakopee, MN 55379

N/A

175 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
175
Building Size:
133,628 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Investment
Corridor:
Interior
Lot Size:
7.53 AC
APN / Parcel ID:
271560020
Listing ID
17596170
Last Updated
244 days ago

Utilities

Description

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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Created 3/30/2012