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.