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33827581
33827594

3045 Centre Pointe Dr, Roseville, MN 55113

JR
MN MN 40583288, NE 20200223 (+4)
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis
$6,995,000
8 days on market
Updated 8 days ago

Fairfield Inn & Suites Minneapolis St. Paul/Roseville

Details
Property Type Hospitality
Sub Type Hotel
Keys 79
Tenancy Single
Year Built 1998
Year Renovated 2025
Stories 3
Acreage 2.130
Ownership Fee Simple

MINNEAPOLIS MSA HOTEL| Freshly Renovated Fairfield Inn & Suites| 2026 RevPAR Increase of Over 30% Po

Marketing description

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Fairfield Inn & Suites Minneapolis St. Paul/Roseville, a 79-room, historically institutionally owned Marriott-branded asset strategically located at 3045 Centre Pointe Drive in the heart of the Twin Cities metropolitan area. Offered at $6,995,000, or approximately $88,000 per key, the Property represents a rare opportunity to acquire a recently renovated, premium select-service hotel at a significant discount to replacement cost in a high-barrier-to-entry submarket.

The Property completed a comprehensive change of ownership PIP in 2025 at a cost of nearly $2.0 million dollars. Prior to that, ownership secured a new 10-year franchise agreement with Marriott International, minimizing near-term capital expenditure requirements. Historically owned by institutional groups and operated by third-party management, the Hotel transitioned to experienced owner-operators in 2025, and the impact is already evident in improved revenue generation and profitability through more hands-on management.

Performance metrics highlight this momentum, with Year-to-Date 2026 RevPAR increasing by over 30% following PIP completion and operational enhancements. The Hotel is on pace to generate in excess of $2.0 million in room revenue for 2026, signaling continued upside as operations are further optimized.

The Fairfield Inn & Suites benefits from its central Roseville location between downtown Minneapolis and St. Paul, with immediate access to Interstate 35W and Highway 36, which together carry traffic counts exceeding 150,000 vehicles per day. The area is supported by major demand drivers including Boston Scientific, Medtronic, Target Corporation, and the University of Minnesota, located just minutes away. Additional demand is generated by Rosedale Center, a premier regional retail destination, along with nearby healthcare facilities and corporate offices. The Minnesota State Fair held in adjacent Falcon Heights assures the entire direct area surrounding Roseville of sold out status for nearly two weeks every year.

The Minneapolis-St. Paul MSA is one of the Midwest's strongest economic regions, anchored by a diverse base of Fortune 500 companies across healthcare, manufacturing, finance, and technology. The Roseville submarket benefits from its central positioning and accessibility, with hotel occupancy in the Twin Cities generally in the mid-60% range and ADR trends remaining stable to growing.

With its recent renovation, long-term Marriott affiliation, improving performance, and attractive basis, the Fairfield Inn & Suites Minneapolis St. Paul/Roseville presents a compelling opportunity for investors seeking both stability and upside in a top-tier Midwest market.

Investment highlights

  • Recently Completed 2025 Renovation With New 10-Year Marriott Franchise Agreement In Place
  • Offered At $6.995M ($88K/Key) Well Below Replacement Cost For A Renovated Marriott Asset
  • Strong RevPAR Growth With YTD 2026 Up 32.2% Following PIP Completion And Operational Improvements
  • Projected 2026 Room Revenue Of Over $2.0M With Continued Upside Potential
  • Transition To Experienced Owner-Operator Driving Margin Expansion And Revenue Growth
  • Prime Roseville Location Between Minneapolis And St. Paul With Excellent Highway Access
  • Diverse Demand Drivers Including State Fairgrounds, University Of Minnesota, Medtronic, Target, And Boston Scientific
  • Historically Institutionally Maintained Asset With Minimal Near-Term Capital Needs Post-Renovation

Listing Contacts

JR
MN MN 40583288, NE 20200223 (+4)
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis

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Zoning

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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Jon Ruzicka
License
MN 40583288
Brokerage
Marcus & Millichap
Title
Real Estate Broker
Brokerage Address
1601 Utica Avenue South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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