Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
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Grand Inn Motel of Moorhead | Moorhead, Minnesota

Grand Inn Motel of Moorhead

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Property Summary

Location 810 Belsly Blvd, Moorhead, MN, 56560

Price $1,400,000

Rooms 68

Price Per Key $20,588

Revenue $445K Revenue for 2018 - NOI 26%


The Property

The Grand Inn Motel of Moorhead Minnesota is a 68-room hotel in a metropolitan area of 233,836 people (2015 est). This is an economy segment hotel whose primary guests are contractors and leisure transient travelers. The rooms feature 32-inch flat panel TV's and the bathrooms have tile floors. 

The entrance and porte cochere face south with great exposure and visibility. The property has a spacious parking lot with parking in both front and back. The Grand Inn has two stories with block construction of both exterior and interior walls. It was built in 1976. This is a low maintenance hotel with great upside potential. 

 

The Location

The Fargo/Moorhead area includes all of Cass County in North Dakota and Clay County in Minnesota. The cities of Moorhead, Fargo, West Fargo and Dilworth all combine as one large metropolitan area. 

The Grand Inn Motel is located just a few blocks south of the first exit (Exit 1) off of I-94 in Moorhead. It is very visible on the corner of Highway 75 (8th Street South) and Belsly Blvd. 

For aerial view: Click here

 

Investment Highlights: 

  • Net Operating Income for 2018 - 26.7%
  • Cap rate of 8.5%
  • Great upside potential

 

Resource Links:

Fargo/Moorhead information (Wikipedia)

City of Moorhead website

Fargo/Moorhead Convention and Visitors Bureau

 

 

Scan here for directions to the Grand Inn Motel of Moorhead, Minnesota

 

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 Leines Hotel Advisors, Inc.

Call 952-405-9370 or Email Leines Hotel Advisors, Inc. 

 

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From Our Clients

"We chose Ted Leines to list our Motel. Immediately, we were very impressed by his level of expertise and professionalism. At every turn, during the transaction and closing, Ted's high integrity was evident. We will definitely be using Ted Leines and Leines Hotel Advisors, Inc for all of our future Real Estate needs."

- Don & Cheri Eaton - Owners - E & M Motels, Inc.

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