Institutional Seller | Fairfield Inn & Suites Mankato

Highlights:

• Operational Upside for a More Involved / Hands-On Owner: The Hotel is currently institutionally owned and operated by a third‑party management company, presenting a compelling opportunity for a hands‑on owner‑operator to drive top‑line revenue and increase NOI. The property has generated an average NOI margin of approximately 12.5% since 2023, offering clear runway for margin expansion under a more hands-on owner/operator.
• Consistent Performance: The Hotel has consistently generated over $1.7 million in annual gross revenue since 2023. For the trailing twelve‑month period ending January 2026, the Property achieved a RevPAR of $77.61, driven by 61.5% occupancy at an ADR of $126.23. Management has budgeted a 4.8% increase in RevPAR to $81.75, primarily driven by occupancy growth
• Balance of Term through 2030: Offered with the remaining Marriott Fairfield Inn franchise term through 2030, the Property provides immediate brand continuity and access to the Marriott reservation and loyalty platforms, while preserving long‑term flexibility for a potential brand conversion upon expiration.
• Diverse Set of Demand Generators: Notable demand generators include Mayo Clinic Health System–Mankato, Minnesota State University (MSU), River Hills Mall, Vetter Stone Amphitheater, Mayo Clinic Health System Event Center, as well as many Major Corporate & Industrial/manufacturing Employers.
• Excellent Location: The property benefits from a highly accessible south-central Minnesota location, less than 1.5 hours from the Twin Cities and Rochester, 2.5 hours from Sioux Falls, 3 hours from Des Moines, and 4.5 hours from Madison and Omaha.
• Offered Below Replacement Costs: Opportunity to acquire a well-established, institutionally owned and operated hotel at a price well below replacement cost.

Description:

Ri Marketplace Online Auction May 18th-20th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3145/hospitality/mankato/mn?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_3145

CBRE Hotels, in conjunction with RI Marketplace, is pleased to present the opportunity to acquire the fee-simple interest in the Fairfield Inn & Suites by Marriott Mankato (“Fairfield Inn & Suites,” “Hotel,” or “Property”), located at 141 Apache Place, Mankato, MN. Strategically positioned near the intersection of U.S. Highway 14 and Minnesota State Highway 22 (combined AADT exceeding 55,000), the Hotel benefits from excellent regional connectivity, enabling it to capture a diverse mix of lodging demand from corporate, healthcare, university, and leisure travelers.

Notable demand generators include Mayo Clinic Health System–Mankato, Minnesota State University (MSU), River Hills Mall, Vetter Stone Amphitheater, and the Mayo Clinic Health System Event Center. Situated approximately 40 minutes north of Interstate 90 and 40 minutes west of Interstate 35, the Fairfield Inn & Suites is proximate to several major Midwest cities, including the Twin Cities, Rochester, Sioux Falls, Des Moines, Omaha, and Madison.

Offered unencumbered by management with an opportunity to acquire well-below replacement cost, the Fairfield Inn & Suites presents a compelling opportunity for an experienced regional or local owner-operator to acquire a well-established institutionally owned asset.


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: