Hospitality Business for Sale in Roseville, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Roseville, MN 55113
  • Year built: 1998

Description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Fairfield Inn & Suites Minneapolis St. Paul/Roseville, a 79-room, historically institutionally owned Marriott-branded asset strategically located at 3045 Centre Pointe Drive in the heart of the Twin Cities metropolitan area. Offered at $6,995,000, or approximately $88,000 per key, the Property represents a rare opportunity to acquire a recently renovated, premium select-service hotel at a significant discount to replacement cost in a high-barrier-to-entry submarket. The Property completed a comprehensive change of ownership PIP in 2025 at a cost of nearly $2.0 million dollars. Prior to that, ownership secured a new 10-year franchise agreement with Marriott International, minimizing near-term capital expenditure requirements. Historically owned by institutional groups and operated by third-party management, the Hotel transitioned to experienced owner-operators in 2025, and the impact is already evident in improved revenue generation and profitability through more hands-on management. Performance metrics highlight this momentum, with Year-to-Date 2026 RevPAR increasing by over 30% following PIP completion and operational enhancements. The Hotel is on pace to generate in excess of $2.0 million in room revenue for 2026, signaling continued upside as operations are further optimized. The Fairfield Inn & Suites benefits from its central Roseville location between downtown Minneapolis and St. Paul, with immediate access to Interstate 35W and Highway 36, which together carry traffic counts exceeding 150,000 vehicles per day. The area is supported by major demand drivers including Boston Scientific, Medtronic, Target Corporation, and the University of Minnesota, located just minutes away. Additional demand is generated by Rosedale Center, a premier regional retail destination, along with nearby healthcare facilities and corporate offices. The Minnesota State Fair held in adjacent Falcon Heights

Market Context

This hospitality in Roseville, MN is listed for sale. It is offered at an approximate 3.7% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1998. It has been on the market for 67 days. Compare it against other hospitality listings for sale in Roseville, MN — <a href="/search/sale/hospitality/minnesota/roseville">view the full market</a>.

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