The Offering consists of the opportunity to acquire a 41-key, limited-service hotel located in Warroad, Minnesota.
Details:
41-key limited-service hotel
Two-story frame construction
Built in 1993; recent substantial renovation updates & detailed ongoing maintenance
Well-maintained asset with no notable material deferred maintenance
Recent capital improvements include new roof & siding in 2017, new HVAC and water softeners, new security system and significant guest room updates including beds, tv’s, linens, vanities and flooring.
Property is not anticipated to require any significant near-term capital expenditures
Guest Rooms & Other Spaces:
Efficient, standardized guestroom layouts
(36) Double Queen Rooms
(2) Double ADA Rooms
(1) 4 Queen Suite
(1) Owner Suite
(1) Overnight Employee Room
Office/Front Desk Check-In Area
Private Kitchen
Clean, organized storage spaces
Amenities:
Ample parking lot w/ electric pedestals
Guest Laundry Room w/ Coin Operated Washers & Dryers
Fire Alarm & Sprinkler System
Vending Machine; Ice Machine; ATM Machine
High visibility location off State Highway 11
Financials available upon execution of a Confidentiality and Non-Disclosure Agreement.