Americas Best Value Inn Hinckley 325 Fire Monument Rd 49 Room Hotel Hinckley, MN 55037 $1,500,000 ($30,612/Room)
INVESTMENT HIGHLIGHTS
- Priced under $31,000/key less than 3x revenue
- 2024 room revenue: $564,934.95
- Motivated seller bring all offers
- 49 units, 2 stories
- 2023 room revenue: $589,325.95
- Absentee managed
EXECUTIVE SUMMARY
The Americas Best Value Inn – Hinckley, MN, operating under the renowned Sonesta International Hotels Corp, represents a compelling investment opportunity in the economy lodging segment. Opened in May 1966 and situated on a 1.45-acre site with a building area of 24,268 square feet, this hotel boasts a strategic interstate location, enhancing its accessibility and appeal. The property features 49 rooms distributed over two stories with exterior primary corridors.
The Americas Best Value Inn – Hinckley, MN underwent significant renovations in December 2012, modernizing facilities including high-speed internet access, smoke-free rooms, and a 1,500 square foot meeting space. It is located within an Opportunity Zone, offering potential tax incentives. With a land zoning for commercial use and a building FAR of 0.38, the Americas Best Value Inn presents a solid investment for those looking to enter or expand in the economy hotel market.
The Americas Best Value Inn – Hinckley, MN underwent significant renovations in December 2012, modernizing facilities including high-speed internet access, smoke-free rooms, and a 1,500 square foot meeting space. It is located within an Opportunity Zone, offering potential tax incentives. With a land zoning for commercial use and a building FAR of 0.38, the Americas Best Value Inn presents a solid investment for those looking to enter or expand in the economy hotel market.
PROPERTY FACTS
| Price | $1,500,000 |
| Price Per Room | $30,612 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 24,268 SF |
| No. Rooms | 49 |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2012 |
| Parking Ratio | 1.57/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial |
AMENITIES
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 49 | $97.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $879,800 | |
| Land Assessment | $131,200 | Total Assessment | $1,011,000 |
CONTACTS
-
Jigar
Desai
-
Ryan
O'Neill
