906 MINNESOTA AVE W Walker MN 56484-2295

Marcus & Millichap is honored to serve as the Exclusive Broker and Advisor for the distinguished marketing campaign of the Walker Hotel in the picturesque town of Walker, MN. This independent hotel, graced with 37 interior-corridor rooms spanning two floors, is adorned with a delightful pool and waterslide. Nestled conveniently off Hwy 371 and just south of Minnesota's third-largest lake, Leech Lake, the hotel is strategically positioned to capture the essence of both leisure and business travel flowing between Duluth and St. Cloud. Originally crafted as an AmericInn, this refined establishment has undergone meticulous renovations in 2021 and 2022, showcasing enhancements such as RFID locks, a new roof, an updated sprinkler system, and more.

Walker, serving as the county seat of Cass County, is a charming haven centered around the majestic Leech Lake. Its vibrant tourism service industry draws visitors from across the state, seeking the allure of recreational activities associated with lakes, fishing, hunting, water sports, snow sports, and beyond. The scarcity of available hotel rooms in the city positions this establishment as a prime beneficiary of group events at the Northern Lights Casino, a mere 8 minutes away.

In 2022, the hotel achieved remarkable revenues surpassing $600,000, yielding a net operating income of an impressive 35 percent, translating to over $229,000. As we near the end of 2023, the trajectory continues upward, with anticipated revenues exceeding $750,000. The current operational framework is a testament to absentee ownership, and with a focused shift towards operational efficiency, a discerning new owner stands poised to unlock a substantial enhancement in hotel performance through the implementation of additional revenue management strategies.

Two-story independent hotel

37 rooms with interior corridors

Conveniently located within walking distance of Leech Lake and downtown Walker

Excellent condition with recent extensive renovations including Brand New Roof in 2022

Co-located with an independently owned and operated restaurant

Strategic central location between Bemidji, Baxter, and Duluth, Minnesota

Ample owner-operator upside potential under current absentee ownership