Marcus & Millichap recently closed the sale of C’mon Inn Hotel Park Rapids, a 44-room hospitality property located in Park Rapids, MN. The exact sale price was not disclosed.
Jon Ruzicka, Jake Erickson, Jared Plamann and Joseph Ferguson from Marcus & Millichap’s Minneapolis office marketed the property on behalf of the seller and procured an investor from West Coast as buyer.
C’mon Inn Hotel Park Rapids is situated at 1009 1st St E in Park Rapids, MN. According to Ruzicka: “Our comprehensive marketing efforts enabled us to generate interest among investors across America which resulted in multiple offers for this attractive asset with its high returns and recent physical/cosmetic upgrades such as roofing replacement; siding; windows installation; HVAC system overhaul etc.”
