Hotels for Sale

CROWNE PLAZA MINNEAPOLIS – MSP AIRPORT / MALL OF AMERICA

Address:
Bloomington, Minnesota
Description:
  • Fee simple interest in the 430-room Crowne Plaza Bloomington offered at a significant discount to replacement cost
  • Property offers 18,000SF of meeting and banquet space across 15 breakout rooms with single room capacity for upwards of 700 guests
  • Strong continued operational upside following extensive six month $5MM renovation across 2017/2018 with year to date RevPAR growth of ~10.9% and YTD EBITDA growth of 23%
  • Available unencumbered of debt and third-party management
  • Adjacent to the heavily trafficked intersection of 34th Street and American Boulevard and easily accessible and visible to Interstate-494 and the +150,000 vehicles passing the location daily
  • Adjacent to the American Blvd Metro Blue Line Station – Metro Transit’s second busiest line offering direct access to Downtown, the Mall of America, and Minneapolis St Paul International Airport (MSP) to the upwards of 85MM passengers riding the Metro Transit annually
  • Within walking distance of the 4.8MM square foot Mall of America attracting 42MM annual visitors to its 530 stores, Nickelodeon Amusement Park, and Sea Life Minnesota Aquarium – with plans well underway for the development of a new 250MM indoor water park
  • Approximately two miles from Minneapolis-Saint Paul International Airport serving upwards of 38MM passengers annually and the 17th busiest airport in the United States
  • Proximate to all broader Minneapolis area demand including US Bank Stadium, Target Field, Target Center, University of Minnesota, and the area’s five Fortune 500 headquarters - Target, US Bancorp, Xcel Energy, Ameriprise Financial, and Thrivent Financial

Listing Agents

Adam Montufar
T: 515.446.4181
Email

Bennett Webster
T: 312.339.3698
Email

Brent Clemens
T: 312.239.0572
Email

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