1975 Rahncliff CtEagan, MN 55122
Hilton Garden Inn Minneapolis Eagan
Asset ClassHotel & Hospitality
Overview
HREC Investment Advisors has been retained as the exclusive advisor and is pleased to present the opportunity to acquire the 99-key Hilton Garden Inn Minneapolis Eagan (sometimes referred to as “Hotel” or “Property”) located in Eagan, Minnesota.
Investment Highlights
- Dynamic Submarket of Minneapolis: The Hotel is ideally situated in Eagan, 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 Uponor along with attractions like the Minnesota Vikings' new headquarters, contribute to a steady demand for accommodations.
- Strategic Location in Twin Cities Metro Area: The Hampton Inn offers excellent visibility and easy access from I-35E and is situated near the I-35E/MN-77 interchange. Strategically positioned about 14 miles from Downtown St. Paul and 16 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 rooms were sold in Minneapolis – the most since 2019 (per Meet Minneapolis).
- Significant Existing RevPAR: Currently, the Hotel ranks first among the hotels in its competitive set for RevPAR, with total revenue in 2024 of over $3.7 Million. Following a renovation, the Hotel is poised to stand out as one of the top full-service assets in a prominent suburban market, driven by multiple demand generators.
- Attractive Basis - Well Below Replacement Cost: The national average cost of building a hotel has increased significantly in the past few years. This Asset provides an investor with the opportunity to acquire a high-quality Property, unencumbered of debt, at pricing well below current construction costs (even after the completion of PIP).
- Fee Simple Interest
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1975 Rahncliff CtEagan, MN 55122
Sales Team
Listing provided by Revere CRE