Yogi Cleaners Inc Acquires Hotel In Blaine From S&S Enterprises LLC For $8.7M

The asset involved in this transaction is a hotel located at 10580 Baltimore Street Northeast, Blaine, MN. The property, which is a 78-room establishment, was acquired for a total price of $8,700,000. The per room price paid by the buyer is approximately $111,538.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $8,700,000
• Buyer: Yogi Cleaners Inc
• Seller: S&S Enterprises LLC
• Market: Blaine, MN
• Keys: 78
• PPK: $111,538

The deal was facilitated by the brokers Jon Ruzicka, Joseph Ferguson, and Reed Gizinski from Marcus & Millichap. The acquisition was executed via a 1031 exchange, and it is planned for renovations to coincide with the upcoming expansion of the adjacent National Sports Center.