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GrandStay Hotel & Suites Parkers Prairie 211 W Main St
33 Room Hotel Parkers Prairie, MN 56361 $2,267,952 CAD ($68,726 CAD/Room) 5.31% Cap Rate
Investment Highlights
- Monopoly hotel business
- Lake Front Property
- Swimming Pool
Executive Summary
GrandStay Hotel in Parkers Prairie, MN, boasts all the makings of a successful hospitality venture—a convenient location, comfortable accommodations, and ample amenities. However, its current state of poor management presents an opportunity for a strategic investor to step in and turn things around.
Addressing Operational Challenges
The challenges facing GrandStay Hotel are clear, but so are the opportunities for improvement. With a focus on streamlining operations, enhancing guest experiences, and implementing effective management practices, this property has the potential to thrive in the competitive hospitality market.
Transforming a Legacy
By investing in GrandStay Hotel, you have the chance to breathe new life into a beloved establishment and make a lasting impact on the community. With the right leadership and resources, this property can once again become a beacon of hospitality in Parkers Prairie.
Your Gateway to Success
Don't miss out on the chance to own and operate GrandStay Hotel in Parkers Prairie, MN. This is your opportunity to leverage your expertise and resources to transform a struggling property into a thriving business.
Seize the Opportunity
Contact us today to learn more about acquiring GrandStay Hotel in Parkers Prairie, MN. Let's unlock its full potential and write the next chapter of success for this iconic property. The journey starts here.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,267,952 CAD | Lot Size | 1.45 AC |
| Price Per Room | $68,726 CAD | Building Size | 25,353 SF |
| Sale Type | Investment | No. Rooms | 33 |
| Cap Rate | 5.31% | No. Stories | 2 |
| Sale Conditions | Business Value Included | Year Built | 2012 |
| Property Type | Hospitality | Parking Ratio | 2.45/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B |
| Price | $2,267,952 CAD |
| Price Per Room | $68,726 CAD |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.45 AC |
| Building Size | 25,353 SF |
| No. Rooms | 33 |
| No. Stories | 2 |
| Year Built | 2012 |
| Parking Ratio | 2.45/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Hot Tub
- Fully-Equipped Kitchen
About 211 W Main St , Parkers Prairie, MN 56361
Welcome to GrandStay Hotel: Your Home Away from Home Nestled in the heart of Parkers Prairie, Minnesota, GrandStay Hotel offers a warm and inviting retreat for travelers seeking comfort, convenience, and genuine hospitality. Whether you're here for business or leisure, our hotel provides the perfect blend of modern amenities and Midwest charm. Comfortable Accommodations Step into one of our well-appointed guest rooms or suites and experience true relaxation. Each room is thoughtfully designed with your comfort in mind, featuring plush bedding, a spacious layout, and all the amenities you need for a restful stay. Convenient Location Conveniently located just off Lake Aldely and Downtown Parkers Prairie , GrandStay Hotel is easily accessible for travelers coming from near and far. Whether you're exploring the natural beauty of Parkers Prairie or visiting nearby attractions, our hotel serves as the perfect home base for your adventures.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 33 | $157.34 CAD | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,366,580 CAD (2024) | |
| Land Assessment | $125,650 CAD (2024) | Total Assessment | $1,492,230 CAD (2024) |
PROPERTY TAXES
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
-
Manish Shah -
Social House Real Estate Group Llc
Presented by
GrandStay Hotel & Suites Parkers Prairie | 211 W Main St
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