5151 American BlvdBloomington, MN 55437

For Sale
Call for price

233-Room Hotel, High NOI, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This 17-story, 233-room La Quinta Inn & Suites in Bloomington, Minnesota, presents a compelling institutional investment opportunity. Boasting a strong NOI of $798,145, this limited-service hotel underwent a complete renovation in 2015, showcasing modern design and finishes. Strategically located near the Minneapolis-Saint Paul International Airport (MSP) and the Mall of America, it benefits from Bloomington's high Average Daily Rate (ADR). The hotel's convenient access to major transportation routes, including I-494, ensures high visibility and consistent occupancy. Amenities include an indoor pool, fitness center, over 3,200 square feet of meeting space accommodating up to 150 guests, a business center, sundry shop, guest laundry, and a breakfast area. Guest rooms feature microwaves, mini-refrigerators, coffee makers, flat-screen HDTVs, and other modern conveniences. The 4.84-acre lot includes ample parking and attractive landscaping. This property is ideally positioned to capitalize on the robust Twin Cities economy, including a strong presence of Fortune 500 companies and major medical institutions. The hotel's prime location, coupled with its extensive amenities and recent renovation, makes it an attractive investment in the thriving hospitality sector of the Minneapolis-St. Paul metropolitan area. Built in 1981, this property offers a proven track record and significant upside potential.

Highlights

  • High-visibility location off I-494.
  • 17-story, 233-room limited-service hotel.
  • Sought-after location near Minneapolis-St. Paul International Airport (MSP).
  • Bloomington location offers high Average Daily Rate (ADR).
  • Modern design and finishes from 2015 renovation.
  • Amenities include indoor pool, fitness center, over 3,200 sq ft of meeting space, business center, sundry shop, guest laundry, and breakfast area.

Property Details for 5151 American Blvd

Property type
Other hospitality properties, Hotels
Year Built/Renovated
1981/2015
Stories
17
Lot Size (sq. ft)
210,830 SF

Location Insight

City
Bloomington
County
Hennepin
State
Minnesota
Latitude
44.8559534
Longitude
-93.3470409
5151 American Blvd, Bloomington, Minnesota

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5151 American Blvd
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