Med City Inn & Suites Rochester Mayo Clinic 435 16th Ave NW 118 Room Hotel Rochester, MN 55901 $6,500,000 ($55,085/Room)

Med City Inn & Suites presents a rare opportunity to acquire a 118-key hotel situated on approximately 4.04 acres in Rochester, Minnesota, for $6,500,000—equating to approximately $55,000 per key. Strategically positioned with convenient highway access and close proximity to the Mayo Clinic’s Rochester campus, the property benefits from the substantial and consistent demand generated by more than one million patients and visitors traveling to Rochester for healthcare each year. The property also includes retail space currently leased to Famous Dave’s, providing an additional income stream from an established restaurant tenant.
The hotel offers meaningful upside through professional hospitality management, strategic repositioning, and improved operating performance. Med City Inn & Suites has received preliminary approval for conversion into a dual-branded Wyndham property featuring La Quinta and Hawthorn Extended Stay Suites. Alternatively, the property may offer potential for conversion or redevelopment into multifamily housing, subject to applicable governmental approvals. With its attractive per-key basis, significant acreage, existing restaurant tenancy, flexible repositioning options, and location within one of Minnesota’s strongest lodging markets, the property represents an unusually compelling value-add acquisition opportunity.