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Can Am Inn 406 Main Ave NE 40 Room Hotel Warroad, MN 56763 $4,721,255 CAD ($118,031 CAD/Room)
Investment Highlights
- Stabilized long-term hotel business
- Substantial renovation updates with no notable material deferred maintenance
- High visibility with access off main corridor State Hwy 11
Executive Summary
The Offering consists of the opportunity to acquire a 41-key, limited-service hotel located in Warroad, Minnesota.
Details:
41-key limited-service hotel
Two-story frame construction
Built in 1993; recent substantial renovation updates & detailed ongoing maintenance
Well-maintained asset with no notable material deferred maintenance
Recent capital improvements include new roof & siding in 2017, new HVAC and water softeners, new security system and significant guest room updates including beds, tv’s, linens, vanities and flooring.
Property is not anticipated to require any significant near-term capital expenditures
Guest Rooms & Other Spaces:
Efficient, standardized guestroom layouts
(36) Double Queen Rooms
(2) Double ADA Rooms
(1) 4 Queen Suite
(1) Owner Suite
(1) Overnight Employee Room
Office/Front Desk Check-In Area
Private Kitchen
Clean, organized storage spaces
Amenities:
Ample parking lot w/ electric pedestals
Guest Laundry Room w/ Coin Operated Washers & Dryers
Fire Alarm & Sprinkler System
Vending Machine; Ice Machine; ATM Machine
High visibility location off State Highway 11
Financials available upon execution of a Confidentiality and Non-Disclosure Agreement.
Details:
41-key limited-service hotel
Two-story frame construction
Built in 1993; recent substantial renovation updates & detailed ongoing maintenance
Well-maintained asset with no notable material deferred maintenance
Recent capital improvements include new roof & siding in 2017, new HVAC and water softeners, new security system and significant guest room updates including beds, tv’s, linens, vanities and flooring.
Property is not anticipated to require any significant near-term capital expenditures
Guest Rooms & Other Spaces:
Efficient, standardized guestroom layouts
(36) Double Queen Rooms
(2) Double ADA Rooms
(1) 4 Queen Suite
(1) Owner Suite
(1) Overnight Employee Room
Office/Front Desk Check-In Area
Private Kitchen
Clean, organized storage spaces
Amenities:
Ample parking lot w/ electric pedestals
Guest Laundry Room w/ Coin Operated Washers & Dryers
Fire Alarm & Sprinkler System
Vending Machine; Ice Machine; ATM Machine
High visibility location off State Highway 11
Financials available upon execution of a Confidentiality and Non-Disclosure Agreement.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $4,721,255 CAD | Building Size | 20,627 SF |
| Price Per Room | $118,031 CAD | No. Rooms | 40 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1994/2017 |
| Property Subtype | Hotel | Parking Ratio | 2.42/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.52 AC | ||
| Zoning | Commercial/Industrial - Commercial | ||
| Price | $4,721,255 CAD |
| Price Per Room | $118,031 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.52 AC |
| Building Size | 20,627 SF |
| No. Rooms | 40 |
| No. Stories | 2 |
| Year Built/Renovated | 1994/2017 |
| Parking Ratio | 2.42/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial/Industrial - Commercial |
Amenities
- Controlled Access
- Wheelchair Accessible
- Public Access Wifi
- Smoke-Free
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 40 | $184.80 CAD | - |
1 1
Property Taxes
| Parcel Number | 56.0198612 | Improvements Assessment | $1,103,214 CAD |
| Land Assessment | $72,509 CAD | Total Assessment | $1,175,723 CAD |
Property Taxes
Parcel Number
56.0198612
Land Assessment
$72,509 CAD
Improvements Assessment
$1,103,214 CAD
Total Assessment
$1,175,723 CAD
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Can Am Inn | 406 Main Ave NE
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