303-250-8338
1211 2nd St SW
Rochester, MN 55902
Kutzky Park
HIGHLIGHTS
- Value-add opportunity to enhance two well-performing independent hotels with 134 total keys in the high-growth, high-demand Rochester, MN, market.
- Prime location directly across from The Mayo Clinic / St. Mary’s Hospital and along the new Link Transit system connecting both Mayo campuses.
- Benefits from the upcoming $5B expansion and upgrade of The Mayo Clinic, which is poised to bring about 2,000 temporary workers to the area.
- Retain the Aspen Suites, Aspen Select brands at no cost or explore new upper mid-scale soft-branding opportunities with Marriott, Hilton, and others.
- Newly announced 160-acre Rochester Sports Complex just 10 minutes away, creating new weekend demand for accommodations that will be welcomed.
- Upside opportunity to introduce parking fees, with just a $10+/day charge, could add $300K to the NOI, which is below comp set parking rates.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Aspen Select and Aspen Suites
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
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STORIES
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BUILDING CLASS
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YEAR BUILT
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
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ASK ABOUT THIS PROPERTY
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303-250-8338
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303-250-8338
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