Yogi One LLC Purchases Microtel Inn And Suites In Rochester For $4.5M | 4165 Maine Avenue Southeast | Joseph Ferguson, Jared Plamann, Jake Erickson, Jon Ruzicka | Hotel | Sale

Summary

Sale

MINNESOTA

Hotel

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.

Players

All
5

Agents
4
Agencies
1

$13.5M Sold

$13.5M Sold

$13.5M Sold

First Vice President Investments

$52.3M Sold

Marcus & Millichap

Details

Deal Summary

SOLD

IMAGE: 04/23/2024 ADDRESS: 4165 Maine Avenue Southeast - The Microtel Inn and Suites Rochester South MARKET: Rochester, Minnesota ASSET TYPE: Hotel BUYER: Yogi One LLC BROKERS: Jake Erickson, Jared Plamann, Jon Ruzicka & Joseph Ferguson - Marcus & Millichap SALE PRICE: $4,500,000 KEYS: 88 ~ PPK: $51,136 NOTE: The Microtel Inn and Suites Rochester South sold for approximately $4.5 million, announced by Marcus & Millichap, with investment specialists Jon Ruzicka, Jake M. Erickson, Jared Plamann, and Joseph Ferguson facilitating the sale, attracting multiple purchase offers. The buyer, identified as Yogi One LLC, found the hotel appealing due to its recent construction and consistent pre-COVID revenue, acquiring it at a price below replacement cost, situated at 4165 Maine Avenue SE with a price-per-room of around $51,100.

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Address4165 Maine Avenue Southeast

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