Investment Overview:
BUILDING ATTRIBUTES: The Marriott-branded hotel is a three-story, 79-room, limited-service property built in 1998.
PROMINENT MARKET: The hotel is positioned within the Minneapolis-Saint Paul MSA. It is one of two Twin Cities suburbs that are adjacent to both Saint Paul and Minneapolis. Roseville’s property taxes are some of the lowest in the Twin Cities metropolitan area, owing in part to the extensive commercially zoned land. The city’s per-capita retail spending is slightly higher than that of Bloomington (home of the Mall of America), and it has the greatest number of restaurants per capita in the area.
PRIME LOCATION: Located along the I-35W corridor, the property is highly visible from the expressway with over 91,962 vehicles passing daily on average.
NEARBY AIRPORT: Minneapolis-Saint Paul International Airport is located 14.5 miles away from the subject property.
VALUE ADD OPPORTUNITY: Currently institutionally owned and third-party managed, a new owner-operator can see potential upside through a reduction in hotel operational expenses.
ON-SITE HOTEL AMENITIES: The hotel comes well-equipped with convenience store, indoor pool, laundry, fitness center, and breakfast area with free hot breakfast.
FEE SIMPLE OFFERING: The Property is offered fee simple and unencumbered by any management contracts or existing debt.
DIVERSE DEMAND GENERATORS: Bent Brewstillery (1.7 Miles), High Pines Brewing (2.3 Miles), University of Northwestern – St. Paul (1.5 Miles), Mall of America (15.7 Miles), Bethel University (2.7 Miles), GameZenter (1.6 Miles), Guidant John Rose MN Oval (3.1 Miles), Target Field (8.3 Miles), U.S. Bank Stadium (7.3 Miles), Target Center (8.5 Miles), Xcel Energy Center (11.7 Miles), University of Minnesota (5.9 Miles), SeaQuest (2.2 Miles), and Como Park Zoo & Conservatory and Como Town Amusement Park (5.5 Miles).
Broker of Record:
Jon Ruzicka
License: MN 40583288
