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Rochester North Hospitality LLC Acquires Hotel In Rochester For $8.7M From Apple Nine Hospitality Ownership LLC
SOLD
$8,700,000
Minnesota
See Similar DealsHotel
Sold 04/21/2026
SOLD
Rochester North Hospitality LLC Acquires Hotel In Rochester For $8.7M From Apple Nine Hospitality Ownership LLC
2870 59th Street Northwest
See Similar DealsHotel
Sold 04/21/2026
Summary
MINNESOTA
Asset Type:Hotel
Transaction Type:Sale
The asset involved in the transaction is a hotel located at 2870 59th Street Northwest in Rochester, MN. The property is a 124-key Hampton Inn & Suites sold for $8,700,000, which translates to approximately $70,161 per key.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $8,700,000
- Address: 2870 59th Street Northwest
- Market: Rochester, MN
- Keys: 124
- Price Per Key: $70,161
- Buyer: Rochester North Hospitality LLC
- Seller: Apple Nine Hospitality Ownership LLC
- Closing Date: April 15, 2026
Lee Kerfoot of Hospitality Real Estate Counselors represented the seller, Apple Nine Hospitality Ownership LLC, in this transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$463,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26
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