Yogi One LLC Purchases Microtel Inn And Suites In Rochester For $4.5M

The Microtel Inn and Suites Rochester South, located at 4165 Maine Avenue Southeast in Rochester, Minnesota, was sold for $4.5 million. The property comprises 88 keys with a price-per-key of approximately $51,136, making it an attractive investment for the buyer, Yogi One LLC.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $4,500,000
• Market: Rochester, Minnesota
• Brokers: Jake Erickson, Jared Plamann, Jon Ruzicka & Joseph Ferguson - Marcus & Millichap

The successful sale of The Microtel Inn and Suites Rochester South was facilitated by investment specialists Jon Ruzicka, Jake M. Erickson, Jared Plamann, and Joseph Ferguson from Marcus & Millichap. The property's appeal stemmed from its recent construction, consistent pre-COVID revenue, and acquisition price below replacement cost, attracting multiple purchase offers before being acquired by Yogi One LLC.