Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
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P 952-405-9370
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Properties for Sale
Motel 6 of Mankato | Mankato, Minnesota
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Property SummaryLocation 1731 Premier Drive, Mankato, MN, 56001 Price $5,500,000 Rooms 66 Price Per Key $83,333 Revenue $1.23M Trailing-12 March 2023 |
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.
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
- 7.5% Cap Rate (Trailing-12 March 2023)
- 60.6% Occupancy in 2022
- $83.17 ADR in 2022
- $50.39 RevPar in 2022
- 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:
For more information call or email Leines Hotel Advisors, Inc.
Call 952-405-9370 or Email Leines Hotel Advisors, Inc.
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