925 Western AveFergus Falls, MN 56537

This exceptional 96-room Country Inn & Suites hotel in Fergus Falls, Minnesota, presents a compelling investment opportunity. Boasting a prime location directly connected to the Bigwood Event Center, the largest convention and meeting space in the area, this two-story hotel benefits from consistent occupancy driven by local employers like Otter Tail Power and John Deere, as well as event attendees. The property enjoys high visibility from Interstate 94. Extensively renovated in 2018 for approximately $1.7 million, the hotel features a Minnesota-shaped heated indoor pool and spa, complimentary breakfast, a fitness center, and modern amenities in all 96 rooms. The hotel's impressive room revenue exceeds $2 million, with a current NOI of $374,776 and a pro-forma NOI of $500,483, representing a 7% cap rate and a pro-forma cap rate of 9.4%. The 4.79-acre lot offers ample space. Situated in Fergus Falls, the county seat of Otter Tail County, the hotel benefits from a population of approximately 60,000 residents and proximity to the Fargo/Moorhead MSA and the Twin Cities Metropolitan Area. The area's natural beauty and recreational opportunities, including lakes, golf courses, and winter sports, attract significant tourism. The hotel's strategic location adjacent to the Bigwood Event Center eliminates operational costs and liabilities associated with event center management while significantly boosting occupancy. This fee-simple ownership opportunity offers significant upside potential for a hands-on owner/operator seeking to implement cost-saving measures and enhance revenue generation. Built in 1971, the property offers a rare chance to acquire a well-maintained, high-performing hotel in a desirable location.