3045 Centre Pointe DrRoseville, MN 55113
Fairfield Inn & Suites Minneapolis St. Paul Roseville
Asset ClassHotel & Hospitality
Overview
HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the 79-room Fairfield Inn & Suites Minneapolis St. Paul Roseville (“Hotel” or “Property”), situated at 3045 Centre Pointe Dr, Roseville, MN 55113.
Investment Highlights
- Recent Renovation Completed in July 2024: The Hotel completed a comprehensive renovation in July 2024, including guest rooms, bathrooms, public spaces, and lobby. The Fairfield Inn license was extended through 2037. Key upgrades include a new porte-cochère, modernized IT systems, 55-inch TVs in all rooms, 19 king rooms with walk-in showers, and a 2019 roof replacement, reducing future capital expenditures.
- Upside from New Operational Strategy: In January 2025, the Hotel removed its previous management company due to high operating expenses. This provides an opportunity for a new owner to implement a more cost-effective strategy, with flexibility to choose a new management company or self-operate.
- ADR Upside with Recent Renovation: The Hotel is currently underperforming in ADR compared to its competitive set. The recent renovation offers an opportunity for a new owner to increase ADR, gain market share, and boost revenue.
- Excellent Location Near Diverse Demand Generators: The Hotel is near major corporate clients like Veritas Technologies, Tire Rack, and Boston Scientific, as well as the National Sports Center, a large youth sports complex, offering both business and leisure travel potential.
- Attractive Basis – Well Below Replacement Cost: The Property is priced well below current construction costs, offering investors an opportunity to acquire a high-quality asset without debt.
- Fee Simple Interest
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3045 Centre Pointe DrRoseville, MN 55113
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