Hospitality Business for Sale in Mankato, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Mankato, MN 56001
  • Year built: 2017

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Motel 6 Mankato, a 66-room, limited-service hotel located in one of southern Minnesota’s most dynamic regional markets. Built in 2017, this modern, well-maintained asset provides new ownership with rare operational flexibility - ideal for independent branding or repositioning. Hotel is currently encumbered by a Motel 6 franchise agreement; however, Seller has agreed to pay associated liquidated damages to terminate such agreement should a Buyer wish to work with a different franchisor of their choosing. While Seller has agreed to pay liquidated damages to terminate existing agreement, expense burden to de-flag and de-identify property would be an expense of Buyer. Strategically situated just off U.S. Highway 14 with over 27,000 vehicles per day, the property enjoys exceptional visibility and access to key economic, educational, and recreational demand drivers throughout the Greater Mankato area. The hotel’s contemporary design and efficient layout minimize near-term capital needs while supporting streamlined operations. All 66 guest rooms feature updated finishes consistent with newer economy-segment hotels, and the property includes guest laundry facilities, ample surface parking, and a welcoming lobby area. With the potential for no franchise encumbrance, investors are uniquely positioned to reduce ongoing brand-related expenses and implement value-add strategies tailored to market demand or portfolio goals. The site is minutes from downtown Mankato and a short drive to major regional institutions including Minnesota State University, Mankato - home to over 14,000 students - creating consistent demand from visiting families, faculty, and university events. Additionally, the nearby Mayo Clinic Health System Event Center draws over half a million annual visitors for concerts, conventions, and sporting events. Mankato is a robust economic center with a diverse employer base spanning hea

Market Context

This hospitality in Mankato, MN is listed for sale. It is offered at an approximate 8.3% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 2017. It has been on the market for 67 days. Compare it against other hospitality listings for sale in Mankato, MN — <a href="/search/sale/hospitality/minnesota/mankato">view the full market</a>.

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