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GrandStay Hotel & Suites Perham 231 Market Dr 45 Room Hotel Perham, MN 56573 $4,500,000 ($100,000/Room)
INVESTMENT HIGHLIGHTS
- Exceptional visibility and access on U.S. Highway 10
- Award winning hotel with consistent outstanding reviews
- Proven track record of steady revenue growth
EXECUTIVE SUMMARY
Timm and Associates, Inc. has been exclusively retained to represent the ownership in the sale of the GrandStay Hotel and Suites in Perham, MN. Located in the heart of Minnesota's lake country, the hotel benefits from a strong year-round tourism base including lake recreation, golf, vibrant downtown shopping and dining, and cultural heritage sites. The hotel is located within minutes of Perham's major demand drivers such as manufacturing hubs (Barrel O'Fun, Tuffy's, Kenny's), Perham Health and regional broadband provider, Arvig, supporting consistent weekday business demand.
PROPERTY FACTS
| Price | $4,500,000 | Building Size | 29,984 SF |
| Price Per Room | $100,000 | No. Rooms | 45 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2008 |
| Property Subtype | Hotel | Parking Ratio | 1.64/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.84 AC | ||
| Zoning | HC | ||
| Price | $4,500,000 |
| Price Per Room | $100,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.84 AC |
| Building Size | 29,984 SF |
| No. Rooms | 45 |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 1.64/1,000 SF |
| Corridor | Interior |
| Zoning | HC |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 45 | $158.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,480,200 | |
| Land Assessment | $138,900 | Total Assessment | $1,619,100 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$138,900
Improvements Assessment
$1,480,200
Total Assessment
$1,619,100
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GrandStay Hotel & Suites Perham | 231 Market Dr
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