Country Inn of Hoyt Lakes | Hoyt Lakes MN

Highlights:

• Outdoor Recreation Hub: Hoyt Lakes, set between Colby and Whitewater Lakes with direct access to the Superior National Forest Scenic Byway, offers year-round outdoor recreation. Summer brings camping at Fisherman’s Point, fishing, paddling, swimming at Birch Cove Beach, golfing, and trails, while winter features ice fishing, skiing, snowmobiling on 3,100 miles of trails, and activities at the Hoyt Lakes Arena, making it a true all-season destination.
• Proximity to Major Local Employers: The largest employers in the area are concentrated within the healthcare, manufacturing, and industrial sectors, including Essentia Health/Northern Pines Medical Center, Floe International, Revolv Manufacturing, and NewRange Copper Nickel.
• Limited Local Competition: The Country Inn is the only hotel in Hoyt Lakes and faces minimal direct competition in the immediate area, allowing it to capture the majority of the area’s lodging demand. There is no new supply planned or under construction in the area.
• Offered Unencumbered by Management: The Hotel is being offered unencumbered by a management agreement, with ownership currently maintaining an absentee position. This provides an investor with the opportunity to assume a more hands-on owner/operator role.
• Fee Simple Interest: The Property will be offered as fee simple.

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2812/country-inn-of-hoyt-lakes-hoyt-lakes-mn?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_2812

HREC Investment Advisors and RealINSIGHT Marketplace are pleased to present the opportunity to acquire the 40-guestroom Country Inn of Hoyt Lakes (sometimes referred to as “Hotel” or “Property”) located at 99 Kennedy Memorial Dr, Hoyt Lakes, MN 55750.

The Country Inn of Hoyt Lakes presents an opportunity to acquire the leading hospitality asset in Hoyt Lakes, a community deeply connected to outdoor recreation and the Iron Range’s legacy. Ideally positioned within walking distance of Colby Lake, Hoyt Arena, and just 12 miles from Giants Ridge Golf & Ski Resort, the Hotel is well-positioned to benefit from year-round demand generated by regional tourism, sporting events, and business from the area’s key employers. With modern amenities and direct access to abundant recreational trails, the Country Inn of Hoyt Lakes caters to a steady mix of guests, underscoring its strategic value in the region.


Col. Frank B., Imholte
c/o Fisher Auction Company Inc.
License: 84-302
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: