DL Hotel Group LLC Sells 45-Room Hotel In Detroit Lakes Minnesota With Brokers Marcus & Millichap
1330 Us Route 10
Units
45
Asset Type
Hotel
Closing
Jul 16, 2026
About this deal
AI
The asset involved in this transaction is a hotel located at 1330 Us Route 10 in Detroit Lakes, MN. The property spans 1.73 acres and features 45 rooms, operating under the Country Inn & Suites brand.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 1330 Us Route 10
- Market: Detroit Lakes, MN
- Units: 45
- Acres: 1.73
- Seller: DL Hotel Group LLC
- Brokerage: Marcus & Millichap
- Brokers involved: Joseph Ferguson, Jon Ruzicka, Reed Gizinski & Brock Banken
- Buyer: South Dakota-based buyer
The transaction was facilitated by Marcus & Millichap, which successfully arranged the sale on behalf of DL Hotel Group LLC, ensuring the hotel will continue its operations under the existing brand following the acquisition.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93