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Hotel For Sale • 67,000 SF
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).
| 3.99x Revenue Multiplier; $43,424/key |
| Turnkey Opportunity: Over $3M invested in improvements over the past couple of years |
| Significant Upside on Revenue: Only a portion of the hotel rooms have been available to be rented since the hotel opened in March, 2023 |
| Low Supply in Market: Morris, MN's only full-service hotel offering 92 keys, including jacuzzi suites and kitchenettes |
| 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 |
| Development Upside: Development potential exists on the nearly 6 acre lot. Conversion to rehabilitation center or multifamily is possible. |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 225 |
| Type: | Surface |
| Included in Rent: | Yes |
Ned Rupp
SVN | Northco Real Estate
Ned Rupp
SVN | Northco Real Estate
