Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
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Super 8 Hotel | Morris, Minnesota

Super 8 Hotel

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Property Summary

Location 102 Highway 28 East, Morris, MN, 56267-1164

Price $1,550,000

Rooms 40

Price Per Key $38,750

Revenue $542K Trailing-12 Revenue through August 2018

The Property

The Super 8 Morris Hotel is a great property located in west central Minnesota close-by the University of Minnesota - Morris (UMM) campus. The property includes 40 sleeping rooms, plus a meeting room with a murphy bed, indoor swimming pool and spa. The Super 8 Morris was built in 1993 and has recently received major upgrades including a new roof, new hallway carpets, bathroom tile and a renovated lobby. In 2016 the owners have installed new room carpets, headboards with artwork, hot water heaters, and new curtains. This sale is offered with these improvements completed by the owner. There is a list of additional improvements below.

A direct benefit to the hotel is the University of Minnesota – Morris campus, which is just blocks away on College Ave. The U of M Morris campus has 1,900 students and is the city’s leading employer. The safe, family-friendly community boasts an exceptional K-12 Public School. Eight city parks as well as wildlife refuges and waterways offer year-round recreation. Manufacturing and agriculture are a major component of the Morris economy. Most notably Superior Industries, a globally recognized manufacture of conveyor equipment. Morris also hosts government business as the county seat of Stevens County is located here.

This property is an excellent investment or owner/operator opportunity.

 Visits to the property by appointment only....no drivebys or drop-ins. 

 

The Location 

Morris is a progressive city about a 2¾ hour drive west of Minneapolis, and only 44 miles from Alexandria, MN. It is at the crossroads of Hwy 59 (north-south), Hwy 28 (east-west) and Hwy 9 (northwest-southeast). The Super 8 of Morris Hotel is highly visible and located on Highway 28, a main route into town along with Highways 59 & 9. 

For Aerial View Click Here 

 


Property Highlights:

  • $577K Revenue for 2017
  • $71.90 ADR for 2017
  • 56.22% Occupancy for 2017
  • 40-rooms plus meeting room with Murphy Bed
  • University of Minnesota, Morris close-by
  • Crossroads of 3 major highways in West Central Minnesota  

 


Significant Property Improvements:

  • New hallway carpet 2015
  • New roof (30-year GAF shingles)
  • Pool mechanicals replaced
  • New bathroom tile – all rooms
  • Lobby renovated
  • All exterior LED lights
  • All pool LED lights
  • New bedding package 
  • 32" Flat-panel TV's
  • New domestic hot water heaters in 2017

 


Completed in 2016:

  • New carpets, all sleeping rooms (hallways done 2015)
  • New headboards with artwork

 

Click on these Resource links: 

City of Morris website

Stevens County Government website

Morris Community Information (Wikipedia)

Steven County Community Information (Wikipedia)

Morris School District website

Morris Demographic data (City-data)

Stevens County Demograhic data (City-data)

Morris Chamber of Commerce website

Stevens County Economic Improvement Commission website

University of Minnesota Morris website

More Details

To request more investment details for this listing, please fill out our "Confidentiality Agreement" by clicking on the button below:

Confidentiality Agreement

 For more information call or email Ted Leines at Leines Hotel Advisors, Inc.

Call 952-405-9370 or Email Ted Leines

 

Hotel Sales/Feasibility Studies

Broker Services Feasibility Studies Litigation Support

 

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From Our Clients

"Dear Ted,
You and your staff recently represented out hotel as Broker and Agent. We were very impressed with the quality of your representation, and with the results of such representation....We are extremely satisfied with your professional services, and will certainly recommend your Firm to prospective hotel owners.

We enjoyed working with you and your professional staff.
"

- Robert F. Cline - President - River Valley Development Corp - Chisholm Inn & Suites

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