HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 179-room, three-hotel portfolio located in Baxter, Minnesota (the “Hotels” or “Properties”). The portfolio includes the Baymont by Wyndham Baxter/Brainerd Area (7208 Fairview Rd), Days Inn & Suites by Wyndham Baxter Brainerd Area (14466 Dellwood Dr), and Rapid River Lodge & Water Park (7376 Woida Rd).

The offering presents a rare opportunity to acquire a three-property hotel portfolio strategically located in Baxter, Minnesota, the primary commercial hub of the Brainerd Lakes region. Positioned along the highly trafficked Highway 371 corridor, the Hotels benefit from strong visibility, direct accessibility, and proximity to the area’s most significant demand generators, including regional healthcare institutions, leisure destinations, and year-round economic anchors. Collectively, the portfolio provides immediate scale within a supply-constrained market, allowing an investor to establish a meaningful presence in one of Minnesota’s premier drive-to destinations.

The Brainerd Lakes region is characterized by a diversified demand base anchored by healthcare, outdoor recreation, and military activity, supporting both consistent weekday occupancy and strong seasonal peaks. The subject Properties are well-positioned to capture this demand, benefiting from proximity to major leisure attractions such as Gull Lake and Brainerd International Raceway, as well as stable year-round drivers including Essentia Health and Camp Ripley. This dynamic creates a balanced operating environment with multiple demand segments contributing to overall performance.

From an investment perspective, the portfolio offers operational upside through revenue management optimization, expense efficiencies across the three Hotels, and potential brand or property repositioning strategies. The ability to leverage shared staffing, centralized management, and coordinated marketing efforts provides a clear path to margin expansion, while continued growth in regional tourism and infrastructure investment supports long-term revenue stability. Overall, the offering represents a compelling opportunity to acquire scale, improve operations, and capitalize on the evolving strength of the Baxter/Brainerd lodging market.