Hospitality Business for Sale in Montevideo, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Montevideo, MN 56265
  • Year built: 1995

Description

The GrandStay Hotel & Suites - Montevideo, Minnesota presents a rare opportunity to acquire a well-positioned select-service hotel in a stable regional market supported by healthcare, agriculture, manufacturing, and government demand drivers. The property benefits from its location along U.S. Highway 212, serving as a primary lodging option for business travelers, contractors, and regional visitors traveling throughout western Minnesota. The hotel is owned and operated by the original developer, presenting investors with a unique opportunity to acquire a long-held asset that has not previously been widely marketed. Ownership continuity has allowed the property to establish strong relationships within the local community and demand generators, contributing to consistent lodging demand over time. The property also benefits from being the only nationally branded hotel in the Montevideo market, creating a significant competitive advantage. Branded hotels often capture the majority of corporate, loyalty, and online reservation demand, allowing the property to maintain strong positioning relative to local independent lodging options. Operationally, the asset demonstrates strong rate performance for a market of its size, currently achieving an Average Daily Rate (ADR) of approximately $141, reflecting the property’s ability to capture premium lodging demand from corporate travelers, contractors, and regional visitors seeking quality branded accommodations. Montevideo functions as a regional hub for Chippewa County and surrounding agricultural communities, supporting year-round lodging demand from healthcare services, agricultural operations, regional commerce, and government activity. Major employers and demand generators include Chippewa County Montevideo Hospital, regional agricultural operations, food processing facilities, and local government institutions. With limited hotel supply in the immediate market and no significant new development pipeline, the property benef

Market Context

This hospitality in Montevideo, MN is listed for sale. It is offered at an approximate 8.7% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 1995. It has been on the market for 67 days. Compare it against other hospitality listings for sale in Montevideo, MN — <a href="/search/sale/hospitality/minnesota/montevideo">view the full market</a>.

Contact

Explore this market

Similar Hospitality Business for Sale in Montevideo, MN