3045 Centre Pointe Dr N - Hospitality FOR SALE


Roseville, MN 55113
$6,995,000 USD
952-852-9767
3045 Centre Pointe Dr N, Roseville, MN for Sale
$6,995,000 USD
Hospitality - FOR SALE
1/17
null | 3.7% Cap Rate

3045 Centre Pointe Dr N
Roseville, MN 55113


HIGHLIGHTS

  • Recently Completed 2025 Renovation With New 10-Year Marriott Franchise Agreement In Place
  • Offered At $6.995M ($88K/Key) Well Below Replacement Cost For A Renovated Marriott Asset
  • Strong RevPAR Growth With YTD 2026 Up 32.2% Following PIP Completion And Operational Improvements
  • Projected 2026 Room Revenue Of Over $2.0M With Continued Upside Potential
  • Transition To Experienced Owner-Operator Driving Margin Expansion And Revenue Growth
  • Prime Roseville Location Between Minneapolis And St. Paul With Excellent Highway Access

OVERVIEW

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Fairfield Inn & Suites Minneapolis St. Paul/Roseville, a 79- room, historically institutionally owned Marriott-branded asset strategically located at 3045 Centre Pointe Drive in the heart of the Twin Cities metropolitan area. Offered at $6,995,000, or approximately $88,000 per key, the Property represents a rare opportunity to acquire a recently renovated, premium select-service hotel at a significant discount to replacement cost in a high-barrier-to-entry submarket. The Property completed a comprehensive change of ownership PIP in 2025 at a cost of nearly $2.0 million dollars. Prior to that, ownership secured a new 10-year franchise agreement with Marriott International, minimizing near-term capital expenditure requirements. Historically owned by institutional groups and operated by third-party management, the Hotel transitioned to experienced owner-operators in 2025, and the impact is already evident in improved revenue generation and profitability through more hands-on management. Performance metrics highlight this momentum, with Year-to-Date 2026 RevPAR increasing by over 30% following PIP completion and operational enhancements. The Hotel is on pace to generate in excess of $2.0 million in room revenue for 2026, signaling continued upside as operations are further optimized. The Fairfield Inn & Suites benefits from its central Roseville location between downtown Minneapolis and St. Paul, with immediate access to Interstate 35W and Highway 36, which together carry traffic counts exceeding 150,000 vehicles per day. The area is supported by major demand drivers including Boston Scientific, Medtronic, Target Corporation, and the University of Minnesota, located just minutes away. Additional demand is generated by Rosedale Center, a premier regional retail destination, along with nearby healthcare facilities and corporate offices. The Minnesota State Fair held in adjacent Falcon Heights assures the entire direct area surrounding Roseville of sold out status for nearly two weeks every year. The Minneapolis–St. Paul MSA is one of the Midwest’s strongest economic regions, anchored by a diverse base of Fortune 500 companies across healthcare, manufacturing, finance, and technology. The Roseville submarket benefits from its central positioning and accessibility, with hotel occupancy in the Twin Cities generally in the mid-60% range and ADR trends remaining stable to growing. With its recent renovation, long-term Marriott affiliation, improving performance, and attractive basis, the Fairfield Inn & Suites Minneapolis St. Paul/Roseville presents a compelling opportunity for investors seeking both stability and upside in a top-tier Midwest market.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$190 USD /SF

# OF ROOMS

79

PRICE/ROOM

$88,544 {currency}

CAP RATE

3.7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn & Suites Minneapolis St. Paul

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

79

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

PUD

APN/PARCEL ID

05-29-23-11-0036

ASK ABOUT THIS PROPERTY

Jon RuzickaMarcus & MillichapMore Info
952-852-9767

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Jon RuzickaMarcus & MillichapMore Info
952-852-9767

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