Leines Hotel Advisors, Inc.
13253 Kerry Lane
Eden Prairie, MN 55346
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Northwoods Inn & Suites | Ely, Minnesota

Northwoods Inn & Suites

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Property Summary

Location 1605 East Sheridan St, Ely, MN, 55731

Price $1,845,000

Rooms 30

Price Per Key $61,500

Revenue $518K in 2024

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

Northwoods Inn & Suites of Ely, Minnesota

The Northwoods Inn & Suites of Ely, Minnesota is a rare asset that has been well maintained. It is a high-performing hotel in northern Minnesota’s premier tourist destination on the doorstep of the Boundary Waters Canoe Area.

 

The current owner has cultivated a strong reputation for exceptional customer service, resulting in approximately 80% of bookings coming from repeat customers.

 

The Property

Built in 1995, this 30-room property includes 25 double queen rooms, one standard single queen, two handicap-accessible singles, one suite with a kitchenette and futon, and one queen suite featuring a whirlpool tub. All rooms have been recently upgraded, with new carpets installed in 2019 throughout the rooms and hallways. Guests enjoy a clean, welcoming breakfast area and a property that reflects consistent maintenance and pride of ownership.

 

The Location 

Ely, often referred to as the “Gateway to the Boundary Waters,” is a year-round destination known for its natural beauty, world-class canoeing, hiking, fishing, and attractions like the International Wolf Center and North American Bear Center. With its strong repeat clientele, upgraded amenities, and ideal location in a thriving tourism market, Northwoods Inn & Suites is an outstanding turnkey opportunity for an investor or owner-operator seeking a stable and profitable hospitality asset. 

 

Investment Highlights

  • 30 Rooms
  • All new carpets in rooms & hallways installed in 2019
  • Managers Apartment with spacious downstairs kitchen & family area
  • Microwaves and Fridges in all rooms
  • Newer HVAC’s in 25 rooms
  • Hotel built in 1995
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 Abe Semere at:  Leines Hotel Advisors, Inc.

 

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From Our Clients

"I wanted to thank you personally for sharing your knowledge of hospitality to the North Star Chapter of the Appraisal Institute. Your and Steve's presentation was nothing short of great. The feedback was unanimously positive. In fact, more than one person stated that it was one of the best seminars they have attended in quite some time."

- Dan Boris - President - North Star Chapter of the Appraisal Institute

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