Marketplace
Accepting offers
Fairfield Inn & Suites by Marriott Shakopee
Shakopee, MinnesotaSelect-service hotelAccepting indications of interest
- Price guidance
- $19.5M guidance
- Keys
- 129
- TTM revenue
- $4.8M
- NOI
- $1.6M
- Occupancy
- 67%
- ADR
- $136
- RevPAR
- $91
- Cap rate
- 8.1%
Public summary
129-key Fairfield by Marriott hotel in Shakopee, MN. Upper-midscale select-service asset with branded distribution and Shakopee, Minnesota demand drivers.
- Fairfield by Marriott flag with national reservation distribution
- Upper-midscale select-service operating model in the Shakopee market
- 129 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
Shakopee, 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
- 129
- Address
- Shakopee, Minnesota — full address shared with approved buyers