Marketplace
Accepting offers
Tru by Hilton Minneapolis Downtown
Minneapolis, MinnesotaMidscale select-service hotelAccepting indications of interest
- Price guidance
- $25.8M guidance
- Keys
- 208
- TTM revenue
- $7.2M
- NOI
- $2.2M
- Occupancy
- 75%
- ADR
- $118
- RevPAR
- $88
- Cap rate
- 8.6%
Public summary
208-key Tru by Hilton hotel in Minneapolis, MN. Midscale select-service asset with branded distribution and Minneapolis, Minnesota demand drivers.
- Tru by Hilton flag with national reservation distribution
- Midscale select-service operating model in the Minneapolis market
- 208 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 Tru by Hilton flag.
Asset
Midscale select-service hotel operating under the Tru by Hilton 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
- Midscale select-service
- Brand family
- Hilton
- Keys
- 208
- Address
- Minneapolis, Minnesota — full address shared with approved buyers