Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
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GrandStay Hotel and Suites of Thief River Falls | Thief River Falls, Minnesota

GrandStay Hotel and Suites of Thief River Falls

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Property Summary

Location 1031 Wendt Drive, Thief River Falls, MN, 56701

Price $6,900,000 - 11.8% Cap Rate

Rooms 55

Price Per Key $125,455

Revenue $1,729,517 Revenue in 2021

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

GrandStay Hotel and Suites of Thief River Falls, Minnesota

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

The Property:

The GrandStay Hotel & Suites of Thief River Falls was built to provide a first-class lodging facility in this northwestern Minnesota economic center. Constructed in 2014, this property commands the market with high quality rooms, elegant spaces, and a superb location close to major corporate demand generators. This 55-unit property is the premier hotel in the area. It features rooms and amenities catering to the national and international corporate travelers in TRF visiting DigiKey, Arctic Cat (Textron) and other corporations.


The GrandStay design features a dramatic two-story lobby that leads into a large breakfast area. The breakfast area doubles as a meeting space for 35 persons. This hotel provides a mix of rooms including two-room (one bedroom plus living room) extended stay kitchenettes, executive kings, regular kings, double queens, and others. The kitchenettes include full size refrigerators and two-burner stoves for true long-term functionality. The pool area provides a premium experience with vaulted ceilings, wood finishes and large dormer style windows. The spacious pool deck offers room for families to relax. 


The GrandStay® Hospitality brand caters to the top corporate and leisure traveler expecting first-in-class comfort while maintaining reasonable franchise carrying costs for the owners. It is ideally suited to the Thief River Falls market. 



The GrandStay of Thief River Falls has a three-year Net Operating Income ratio to revenue of 42% and is offered at a 9% Cap Rate to this three-year average. This three-year period includes the down year of 2020 due to covid. The Cap Rate for only year 2021 is 11.8%. These historical capitalization rates demonstrate exceptional performance with a premium quality facility.  

The Location: 

This property is located 294 miles northwest of Minneapolis MN and 91 miles northwest of Bemidji MN in beautiful Northern Minnesota. Thief River Falls, sometimes referred to as Thief River or abbreviated as TRF, is the economic center of upper northwestern Minnesota. It is the county seat for Pennington County and adjacent to Red Lake County with a combined population of 17,927 as of the 2020 census. 


Click here for interactive aerial.


Investment Highlights: 

  • $1,729,517 Revenue in 2021
  • $105.93 ADR in 2021
  • 80% Occupancy in 2021
  • $84.84 RevPar in 2021
  • 11.8% Cap Rate on 2021’s data
  • 9% Cap Rate on 3-yr avg.

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 just wanted to thank you for your work selling our Chisholm hotel. Selling a hotel in the middle of a serious downturn on the Range took hard work and real professionalism. You came through in all areas and it is much appreciated."

- David Weber - Owner/Partner - Chisholm Inn & Suites, Chisholm Minnesota

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