Marcus & Millichap has successfully arranged the sale of a 38-room AmericInn hotel property located in Sleepy Eye, Minnesota.
“This property’s direct connection to the city-owned event center positions it as a rare year-round revenue generator with a built-in pipeline of group and event-driven demand,” said Jon Ruzicka, Managing Director of Investments at Marcus & Millichap. “The new ownership plans to make thoughtful updates while preserving the hotel’s strong local presence. This sale reflects growing investor confidence in Sleepy Eye’s stable, industry-supported hospitality market.”
Ruzicka, along with Joseph Ferguson and Reed Gizinski—investment specialists at Marcus & Millichap’s Minneapolis office—marketed the property on behalf of the seller and successfully secured the buyer.
Originally built in 1990 on a 1.76-acre site, the hotel offers a range of amenities including an indoor pool, hot tub, business center, and complimentary breakfast. The property underwent a full renovation and rebranding in 2017 and received a new roof in 2024.
