5151 American Blvd Bloomington, MN 55437

This 17-story, 233-room La Quinta Inn & Suites in Bloomington, Minnesota, presents a compelling institutional investment opportunity. Boasting a strong NOI of $798,145, this limited-service hotel underwent a complete renovation in 2015, showcasing modern design and finishes. Strategically located near the Minneapolis-Saint Paul International Airport (MSP) and the Mall of America, it benefits from Bloomington's high Average Daily Rate (ADR). The hotel's convenient access to major transportation routes, including I-494, ensures high visibility and consistent occupancy. Amenities include an indoor pool, fitness center, over 3,200 square feet of meeting space accommodating up to 150 guests, a business center, sundry shop, guest laundry, and a breakfast area. Guest rooms feature microwaves, mini-refrigerators, coffee makers, flat-screen HDTVs, and other modern conveniences. The 4.84-acre lot includes ample parking and attractive landscaping. This property is ideally positioned to capitalize on the robust Twin Cities economy, including a strong presence of Fortune 500 companies and major medical institutions. The hotel's prime location, coupled with its extensive amenities and recent renovation, makes it an attractive investment in the thriving hospitality sector of the Minneapolis-St. Paul metropolitan area. Built in 1981, this property offers a proven track record and significant upside potential.