109 State Ave
- 10% Cap Rate (2025 EBITDA plus Annual Assumable Debt Benefit) | Hampton Inn By Hilton Warroad located in Warroad, MN, famously known as "Hockeytown USA"
- Recently built hotel, completed in 2021, in a prime location next to the RiverPlace Cultural Arts and Event Center, which is expected to draw 30,000 visitors per year
- The Property contains 66 keys and a variety of room types to accommodate a wide range of guests
- Annual TIF benefit through 2030 of approximately $80,000 per year
- Assumable financing for qualified prospects ($7.75M balance at a 4% interest rate with a 2032 balloon payment)
Property Description
SVN | Northco is pleased to present, as exclusive advisor to ownership, the Hampton Inn By Hilton Warroad ("Property") located in Warroad, MN. This recently built hotel boasts 66 keys along with spacious public areas in both the restaurant and pool areas. Additionally, a third-story outdoor patio overlooks the pool, making it a popular summer destination, and another outdoor patio adjacent to the bar adds to the summer enjoyment and evening ambiance. The Property, which is one of the finest hotels in the region, holds significant increased revenue potential, particularly for those with food and beverage experience.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $11,385,195 |
| No. of Units: | 66 |
| Year Built: | 2021 |
| Lot Size: | 2.45 Acres |
| Opportunity Zone: | No |
| Price per unit: | $172,503 |
| Property Website | Click Here |
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