Value-Add Offering with 10-Year License

The Hotel will be sold with the opportunity to retain the Fairfield Inn & Suites license for 10 years upon completion of a full PIP, improving the standing of the Hotel relative to the competitive set.

Dynamic Submarket of Minneapolis

The Hotel is ideally situated in Mendota Heights, less than ten minutes away from the Mall of America and Minneapolis-St. Paul International Airport, for which the Hotel offers a complimentary shuttle. Major employers in the area, such as Blue Cross Blue Shield of Minnesota and Patterson Companies, along with attractions like the Minnesota Vikings’ new headquarters, contribute to a steady demand for accommodations.

Strategic Location in Twin Cities Metro Area

The Fairfield Inn & Suites offers excellent visibility and easy access from I-494 and is situated near the I-35E/I-494 interchange. Strategically positioned about 11 miles from Downtown St. Paul and 10 miles from Downtown Minneapolis along I-35, the Hotel offers convenient access to two of Minnesota’s primary metropolitan areas. In 2024, more than two million hotel room nights were sold in Minneapolis –the most since 2019 (per Meet Minneapolis).

Upside Potential Through Both Top and Bottom Line

As of the March 2025 TTM period, the Property ranked 5th out of 6 in its competitive set for RevPAR, indicating potential for revenue growth through improved management and marketing. With room revenue of about $2.5 million and a RevPAR of $58 as of the latest TTM period, there is a significant opportunity to increase RevPAR. The Property also shows potential for NOI margin improvement with a cost-effective owner/operator.

Attractive Basis – Well Below Replacement Cost

The national average cost of building a hotel has increased significantly in the past few years. This Hotel provides an investor with the opportunity to acquire a high-quality Property at pricing well below current construction costs (even after the completion of PIP).

Unencumbered by Management

The Hotel is being offered unencumbered by a management group, allowing for a new Owner to bring in a new management company or to act as an owner/operator of the Property.

Fee Simple Interest