Listing Agents
Chuck Klinkhammer
T | 701.298.2929
cklinkhammer@paramountlodging.com
Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the institutionally owned and third-party managed Fairfield Inn & Suites St. Cloud, MN
- Available for individual sale as part of a larger 18-property institutional portfolio sale in the July 28th auction event via Ten-X
- Offered unencumbered by debt and management with the ability to retain the Fairfield Inn & Suites flag upon brand approval and completion of the PIP
- Significant operating improvement prospects following completion of the PIP and transfer to a regional owner/operator model with strong local economies of scale
- Adjacent to US Highway 23 with upwards of 29,300 vehicles passing the location daily
- Readily accessible to all core regional demand including St. Cloud State, St. John’s, and the College of St. Benedict, Centra Medical Center, and St. Cloud VA Medical Center
- Opportune time to be investing in St. Cloud with Associated Wholesale Grocers’ (AWG) new $75MM, 330,000 SF facility currently under construction