303-250-8338
1215 2nd St SW, Rochester, MN for Sale
Hospitality - FOR SALE
1/5
null | Request Cap Rate

1215 2nd St SW
Rochester, MN 55902
Kutzky Park


HIGHLIGHTS

  • Rare Dual Asset Offering in High-Growth Market
  • Strategic Location Adjacent to The Mayo Clinic
  • Proven Track Record as Independent Hotels
  • Franchise Conversion Potential with Key Money Incentives
  • Value-Add Opportunity in Underserved Submarket

OVERVIEW

The hotels present a rare opportunity for buyers to acquire and reposition two independent properties in the thriving Rochester, MN market. With RevPAR growth of +8.5% and minimal new supply entering the market, both assets are well-positioned for continued success. Strategically located directly across from The Mayo Clinic/St. Mary’s Hospital and along the new Link Transit system connecting both Mayo campuses, the hotels benefit from strong, built-in demand. Additionally, with $6 billion being invested in Mayo Clinic expansions and infrastructure improvements—alongside the 160-acre Rochester Sports Complex just 10 minutes away—new demand for accommodations is expected to be significant. Both hotels boast a proven track record of success as independent operations, yet also offer attractive franchising opportunities. Several major brands may offer key money to support renovations, further enhancing the investment potential. Investment Outlook Given their prime location, strong condition, competitive price per key, and substantial upside potential, these properties are expected to attract significant investor interest. This is a compelling value-added opportunity to enhance two already well-performing assets in a high-growth, high-demand market. One of the hotels an extended stay, in particular, has immediate upside potential, with 2,000 construction workers entering the market and limited existing supply—factors that will significantly impact demand, especially for extended-stay accommodations in 2025.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

54

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Select & Aspen Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

Commercial

APN/PARCEL ID

74.34.44.011555

ASK ABOUT THIS PROPERTY

Chris KilcullenAvison Young Hotel GroupMore Info
303-250-8338

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Chris KilcullenAvison Young Hotel GroupMore Info
303-250-8338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.