92 Key Hotel in University Town with Significant Upside Potential

SVN | Northco is pleased to present, as exclusive advisor to ownership, The Hudson Inn in Morris, MN ("Property"). The Property features 92 keys, including rooms and suites with jacuzzi's and kitchenettes, with amenities such as a full-size swimming pool, hot tub, kids' pool, bar & restaurant, and two versatile event centers perfect for weddings and accommodating large groups. The hotel rooms are equipped with flat-screen TVs, mini-fridges, microwaves, and free high-speed Wi-Fi. Guests can enjoy a continental breakfast each morning, and the bar/restaurant is open daily.

The hotel has undergone significant updates in the past few years including (but not limited to): new roof, new insulation, rebuilding 25 rooms completely, all new electrical systems, new PTAC systems in each room, all new windows and siding, new common area heating and cooling systems, new high efficiency water heaters, all new internet and phone systems, new pool systems, and much more.

The Hudson Inn is committed to bringing life back into this beautiful building, creating a space for laughter and memories, while serving both guests and the community.

The hotel is conveniently located on Highway 28, just half a mile from the University of Morris.

HIGHLIGHTS:
- 3.99x Revenue Multiplier; $43,424/key
- Turnkey Opportunity: Over $3M invested in improvements over the past couple of years
- Significant Upside on Revenue: Only a portion of the hotel rooms have been available to be rented since the hotel opened in March, 2023
- Low Supply in Market: Morris, MN's only full-service hotel offering 92 keys, including jacuzzi suites and kitchenettes
- Good Candidate for a Flag: The hotel can continue to be operated as an independent hotel, and it is also well-qualified to be flagged given its room count, amenities, and the lack of other flagged hotels in the Morris submarket (there is currently only a Super 8 by Wyndham, and a GrandStay Hotel & Suites). A proposal from
- Choice Hotels is available with a signed confidentiality agreement.
- Conversion Possible: The hotel is also well-situated to be converted to a rehabilitation center, or multifamily housing. (Zoning is HB: Highway Business)
- Development Upside: Development potential exists on the nearly 6 acre lot

LOCATION DESCRIPTION:
3.99x Revenue Multiplier; $43,424/key
Significant Upside on Revenue: Only a portion of the hotel rooms have been available to be rented since the hotel opened in March, 2023
Low Supply in Market: Morris, MN's only full-service hotel offering 92 keys, including jacuzzi suites and kitchenettes
Good Candidate for a Flag: The hotel can continue to be operated as an independent hotel, and it is also well-qualified to be flagged given its room count, amenities, and the lack of other flagged hotels in the Morris submarket (there is currently only a Super 8 by Wyndham, and a GrandStay Hotel & Suites). A proposal from Choice Hotels is available with a signed confidentiality agreement.
Conversion Possible: The hotel is also well-situated to be converted to a rehabilitation center, or multifamily housing. (Zoning is HB: Highway Business)
Development Upside: Development potential exists on the nearly 6 acre lot