Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
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Motel 6 of Mankato | Mankato, Minnesota

Motel 6 of Mankato

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Property Summary

Location 1731 Premier Drive, Mankato, MN, 56001

Price $5,500,000

Rooms 66

Price Per Key $83,333

Revenue $1.154M Trailing-12 March 2022

 Leines Hotel Advisors, Inc.  is pleased to present on an exclusive basis the: 

Motel 6 of Mankato, Minnesota

All visits to the property are arranged by appointment only.....no drive-bys or drop-in visits permitted.  

 

An Exceptional Hotel

 
Opened in 2018 with 66 rooms and land for expansion, this Motel 6 excels in class and comfort. Additional features designed into this Motel 6 go far beyond what is normally found in a hotel of almost any class. These additions provide customers with a guest experience that far surpasses their expectations. 
 
Performance:
The financial performance of this Motel 6 continues to grow with the trailing-12 revenue through February 2022 at $1.154MM and a Net Operating Income ratio to revenue of 38%. The Motel 6 Mankato is offered at a cap rate of 7.9%.  This is an opportunity to enter the Mankato market with a hotel that opened in 2018, and at only $83,333 per key.
 
The Property:
Some of the unique design features include:  
  • Rooms on all three floors are sized larger than the Motel 6 prototype, up to 30’ in length with 9’ celling’s.  
  • All rooms feature a central heating & AC ventilation system continuously circulating fresh 72-degree air into and out of each room. The below window PTAC’s are used for supplemental heating and cooling only and are controlled at the guest’s discretion. This saves energy and reduces wear on the PTAC’s.  
  • Extra wide hallways, recessed guest room doors, and recessed ceiling lights providing extra illumination all contribute to give guests that extra sense of comfort and safety.  
  • Floor drains in every bathroom prevent costly damage from overrun showers and toilets.  
  • Very large laundry room with top-of-the-line Milnor washers.
 

 
The Location: 
The Motel 6 Mankato is located adjacent to Highway 22, just north of Highway 14, in Mankato, Minnesota. It is the only Motel 6 in the city. This area has a full complement of retail services close by including Menards, Kwik Trip, River Hills Mall, restaurants, and more.  The Mankato-North Mankato Metropolitan Statistical Area has a population of 103,566 (2020 census). 
  

 
Investment Highlights:
  • 66 Units
  • $1.154M Trailing-12 revenue through March 2022
  • 62% Occupancy in 2021
  • $70.61 ADR in 2021
  • $43.81 RevPar in 2021
  • Opened in 2018 and only $83,333 per key
  • Extra land for expansion
  • 103,566 Population in the Mankato-North Mankato Metropolitan Statistical Area (2020 census).
  • Home of Minnesota State University – the 2nd largest university in the state by enrollment. 
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

"I would like to thank you for the fabulous job you did handling my AmericInn hotel sale! Ted, as you know, it was a difficult sale for me. Selling something you had put your heart and soul into is not easy. You, however, brought me through the process with professionalism. Even when the water got murky, you were the one who maintained focus. The sale was finished well and at a fair price. I have recommended you to several hotel owners, and will continue to do so. Your personal hospitality background is an absolute necessity to understanding the marketplace and client’s background.

Again, great job!"

- Bob Barwick - President - Flagship Properties, LLC

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