Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
Email Us

P  952-405-9370

Click Here to download our brochure.

Social Media

Follow us on Twitter View our Profile

Properties for Sale

Back to All Listings

Quality Inn | Thief River Falls, Minnesota

Quality Inn

View larger

Property Summary

Location 1060 Highway 32 South, Thief River Falls, MN, 56701

Price $6,750,000

Rooms 75

Price Per Key $90,000

Revenue $2.041M Room Revenue

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

The Quality Inn 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 Quality Inn of Thief River Falls offers 75 guest rooms plus two additional rooms converted to an apartment. The Quality Inn features a large, enclosed atrium with a pool and spa. Pool-side rooms compliment this setting. The guest rooms, breakfast bar and seating area, lobby and hallways have all undergone renovations. Meeting and banquet spaces can accommodate 200. Mulligans Lounge (a restaurant and bar) is adjacent to the banquet rooms. Mulligans Louonge is operated by a third party under a lease agreement that will be assumed by the new owner. 
The Market:
The Quality Inn is very close to major corporate and manufacturing companies. These include Digi-Key, the largest employer in the area. Digi-Key Corporation is one of the fastest-growing electronic component distributors in the world with annual sales of $3.2+ Billion. It ships more than 5.3+ million orders annually and has 4,500+ employees. Digi-Keys’ warehouse and distribution center is the 10th largest center in the country and sits less than ½ mile from the hotel.
Close-by is Arctic Cat (Textron Inc). This company designs, engineers, manufactures, and markets snowmobiles and ATVs under the Arctic Cat brand name, as well as related parts, garments and accessories. Arctic Cat snowmobiles have been manufactured in Thief River Falls for 60 years. 
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 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.
Performance Highlights: 
  • $2,044,666 Room Revenue in 2022
  • 84% Occupancy
  • $88.74 ADR
  • $77.60 RevPar
Renovation Highlights: 
  • 2016 - New partial roof
  • 2021 - E-Locks installed
  • 2022 - Parking lot repaved
  • 2022 - New heating/AC for restaurant
  • 2022 - New hood & makeup air in kitchen
  • 2014-15 - All new carpets throughout
  • 2014-15 - New bath vanities throughout
  • 2014-15 - Porcelain tile floors in all baths
  • 2023 - Mini-split HVAC’s onsite for pool-side and interior guest rooms


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.



You can view confidential information for this property by logging in and downloading the file(s) you're interested in. To get access to these files you must first be approved by filling out a Confidentiality Agreement for the property. You can find the agreement at the lower center of this screen.

New Listings Signup

If you want to be notified whenever we have a new listing, please enter your name and email address below.

Click to refresh image

From Our Clients

"Ted Leines and Leines Hotel Advisors did an excellent job with the sale of our hotel. We had several difficult issues that could have derailed our sale of the property. Ted gave us the guidance we needed to make sound decisions. Ted found us a good buyer and kept the process moving forward and on track. Given these difficult economic times, and the tough lending environment we are in, we were very pleased with the outcome. We highly recommend Leines Hotel Advisors for the sale of your hotel."

- Richard Thompson - President - International Management Company

View Testimonials

  RSS Feed

Subscribe to our RSS feed to stay on top of news, reports, and property announcements.


We use cookies to provide you the best experience using our website.
By continuing to use the site you agree that we can save them on your device.
Our cookies don't collect personal information.