For Sale
$1,375,000

830 Yellow Brick RdChaska, MN 55318

29-Key Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional 29-key Super 8 by Wyndham hotel in Chaska, Minnesota, presents a compelling investment opportunity. Boasting 12,768 square feet across two stories, this 1986-built property offers a unique advantage as the only franchised hotel in Chaska. Its strategic location near Minneapolis provides convenient access to major transportation routes, including Highways 212 and 41, tapping into the larger Minneapolis-St. Paul-Bloomington MSA market while maintaining a small-town atmosphere. The hotel features an interior corridor design and benefits from a recently completed owner-initiated property improvement plan (PIP) and substantial capital expenditures. A significant upside potential is indicated by a 62.4% RevPar Index. Further enhancing its appeal, the property includes a two-bedroom manager's apartment complete with a full kitchen and living room. Chaska's vibrant economy, strong community, excellent schools, and diverse recreational opportunities create a favorable environment for both business and leisure travelers. The asking price is $1,375,000, translating to $107.69 per square foot. This represents a rare chance to acquire a well-positioned, improved hotel in a thriving Minnesota community.

Highlights

  • 29-unit, two-story building with interior corridors.
  • Owner-completed property improvement plan (PIP).
  • Significant capital expenditures invested.
  • Revenue per available room (RevPAR) index indicates 62.4% upside potential.
  • Strategically located in the Minneapolis-St. Paul-Bloomington MSA.
  • On-site manager's apartment featuring two bedrooms, a full kitchen, and a living room.

Property Details for 830 Yellow Brick Rd

Property type
Hospitality properties, Motels
Square Feet
12,768 SF
Year Built
1986
Buildings
1
Stories
2

Location Insight

City
Chaska
County
Carver
State
Minnesota
Latitude
44.792140091984
Longitude
-93.599044295456
830 Yellow Brick Rd, Chaska, Minnesota

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830 Yellow Brick Rd
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