Marketplace
Diligence open
Fairfield Inn & Suites by Marriott Minneapolis Downtown
Minneapolis, MinnesotaSelect-service hotelDiligence open — offers reviewed weekly
- Price guidance
- $17.2M guidance
- Keys
- 111
- TTM revenue
- $4.2M
- NOI
- $1.4M
- Occupancy
- 74%
- ADR
- $127
- RevPAR
- $94
- Cap rate
- 8.1%
Public summary
111-key Fairfield by Marriott hotel in Minneapolis, MN. Upper-midscale select-service asset with branded distribution and Minneapolis, Minnesota demand drivers.
- Fairfield by Marriott flag with national reservation distribution
- Upper-midscale select-service operating model in the Minneapolis market
- 111 keys with in-place cash flow and brand-standard condition
Seller
Hotel owner, developer, and operator headquartered in Iowa, with properties across Hilton, Marriott, IHG, Choice, and other brand families in markets nationwide.
- Company
- Hawkeye Hotels
- Headquarters
- Coralville, Iowa
- Deal room
- Seller approval required
- Process
- Offers accepted online
Asset and market overview
Location
Minneapolis, Minnesota draws corporate, leisure, and event demand that supports the Fairfield by Marriott flag.
Asset
Select-service hotel operating under the Fairfield by Marriott brand, offered as an individual asset.
Upside
- Revenue management optimization
- Expense benchmarking against comp set
- Negotiated corporate account growth
Property facts
- Year built
- —
- Last renovated
- —
- Brand class
- Upper-midscale select-service
- Brand family
- Marriott
- Keys
- 111
- Address
- Minneapolis, Minnesota — full address shared with approved buyers