The Hudson Inn 200 E State 28 Hwy 92 Room Hotel Morris, MN 56267 $3,995,000 ($43,424/Room)
INVESTMENT HIGHLIGHTS
- 3.32x Revenue Multiplier; $43,424/key
- Significant Upside on Revenue: Only a portion of the hotel rooms have been available to be rented since the hotel opened in March, 2023
- Good Candidate for a Flag: The hotel can continue to be operated as an independent hotel, and it is also well-qualified to be flagged
- Turnkey Opportunity: Over $3M invested in improvements over the past couple of years
- Low Supply in Market: Morris, MN's only full-service hotel offering 92 keys, including jacuzzi suites and kitchenettes
- Development Upside: Development potential exists on the nearly 6 acre lot. Conversion to rehabilitation center or multifamily is possible.
EXECUTIVE SUMMARY
The hotel has undergone significant updates in the past few years including (but not limited to): new roof, new insulation, rebuilding 25 rooms completely, all new electrical systems, new PTAC systems in each room, all new windows and siding, new common area heating and cooling systems, new high efficiency water heaters, all new internet and phone systems, new pool systems, and much more.
The Hudson Inn is committed to bringing life back into this beautiful building, creating a space for laughter and memories, while serving both guests and the community.
The hotel is conveniently located on Highway 28, just half a mile from the University of Morris.
PROPERTY FACTS
| Price | $3,995,000 |
| Price Per Room | $43,424 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.96 AC |
| Building Size | 67,000 SF |
| No. Rooms | 92 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2024 |
| Parking Ratio | 3.36/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | HD - Highway Business |
AMENITIES
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 200 E STATE 28 HWY , MORRIS, MN 56267
LOCATION DESCRIPTION: Morris, MN, is a charming town in west-central Minnesota, known for its close-knit community, rich history, and beautiful natural surroundings. Home to the University of Minnesota Morris, the town has a vibrant college atmosphere that blends seamlessly with its agricultural roots. Morris offers a range of outdoor activities, including parks, lakes, and trails, making it an ideal destination for nature lovers. With its welcoming residents, locally-owned shops, and cultural events, Morris embodies the warmth and hospitality of small-town Minnesota living. Distances from larger cities include: Minneapolis/St. Paul, MN - 150 miles west of Minneapolis/St. Paul Fargo, ND - 110 miles southeast of Fargo Sioux Falls, SD - 175 miles northeast of Sioux Falls Airports in close proximity include Alexandria Municipal Airport (45 miles) and St. Cloud Regional Airport (90 miles). Nearby international airports include Hector International Airport in Fargo (110 miles) and Minneapolis-Saint Paul International Airport (150 miles).
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $150.00 | - |
| Guest Room | 90 | $95.00 | - |
PROPERTY TAXES
| Parcel Number | 20-0056-000 | Improvements Assessment | $440,600 |
| Land Assessment | $146,500 | Total Assessment | $587,100 |
