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Home For Sale Minnesota WALKER 5748
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Hotel For Sale By Owner

WALKER HOTEL




PO BOX 669 ,907 MINNESOTA AVEN, WALKER, Minnesota 56484 United States
Description

Walker Hotel - an independent mid size property is in a popular tourist destination town which has one of the biggest lake in state of Minnesota. The property has 35 bookable rooms + 2 rooms been converted for Manager's apartment. A unique opportunity for a new operator. The town is always engaged with one or another sporting, cultural & social ,promotional events. The property building has two story structure & is in line of Americinn hotel projects, built with concrete flooring. Conveniently situated in down town & at the junction of Hwy 34 & Hwy 371/200. The sales trend in a upward scale & can have better results in years to come. The owner operator is retiring.Property exceeded $487k in room revenue alone and climbing in 2019 which equates to a 2.8x multiple on purchase price.

Price: $1,400,000
Property Sub-Type: Hotel
Average Occupancy: 37 %
Cap Rate: 9.28 %
Total Building Size: 17946 SF
Listing ID: 5748

Map of: PO BOX 669 ,907 MINNESOTA AVEN, WALKER, Minnesota 56484 United States

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