Research Monthly report
Minnesota hotel market update, April 2026
- Minnesota
Minnesota hotels ran 56.53% occupancy at a $134.29 ADR over the last twelve months, RevPAR +2.06%. 9 hotels sold and 8 new hotels are in the works.
Minnesota's hotel market for April 2026: how hotels performed, what sold, where rates stand and what is being built. For a closer look at a specific market or hotel, ask for a report.
Occupancy, trailing 12 months
56.53%
ADR, trailing 12 months
$134.29
RevPAR, trailing 12 months
$75.92
+2.06% year over year
Performance
Across every Minnesota hotel, the trailing twelve months averaged 56.53% occupancy, a $134.29 ADR and $75.92 RevPAR, with RevPAR +2.06% on the year before.
| Scale | T-12 Occ | T-12 ADR | T-12 RevPAR | RevPAR, year over year |
|---|---|---|---|---|
| All hotels | 56.53% | $134.29 | $75.92 | +2.06% |
| Luxury & Upper Upscale | 58.55% | $198.43 | $116.19 | +1.36% |
| Upper Midscale | 60.53% | $127.87 | $77.40 | +2.88% |
| Midscale & Economy | 50.55% | $92.76 | $46.89 | +2.09% |
Month by month, Minnesota RevPAR in 2026 against 2025, through March:
All figures are from STR and run a month behind. For a specific market or scale, reach out.
Sales
| Hotel | City | Price | Note |
|---|---|---|---|
| Country Inn & Suites Rochester North | Rochester | $2,900,000 | |
| Country Inn & Suites Rochester South | Rochester | $6,700,000 | |
| Hampton Rochester | Rochester | $8,700,000 | |
| Wingate (Former Hilton Garden Inn) Oakdale | Oakdale | $4,500,000 | |
| Americas Best Value Inn Hinckley | Hinckley | $1,100,000 | |
| Ramada Albert Lea | Albert Lea | $1,800,000 | Part of a three-hotel portfolio |
| Quality Inn Albert Lea | Albert Lea | $662,400 | Part of a three-hotel portfolio |
| Hotel Albert Lea | Albert Lea | $367,570 | Part of a three-hotel portfolio |
| Crookston Inn & Convention Center | Crookston | $1,450,000 |
Sale prices come from public records and may not include capital allocated to FF&E or goodwill. Want to know more about one of these sales? Get in touch.
Capital markets
| Rate | As of April 30, 2026 |
|---|---|
| Prime rate | 6.75% |
| 10-year Treasury | 4.396% |
| 5-year Treasury | 4.032% |
New developments
Boundaries, roads and water: U.S. Census Bureau (TIGER/Line).
New hotels in Minnesota:
- Wyndham Garden, Sartell
- Holiday Inn Express, Alexandria
- AmericInn, Mountain Lake
- The Lakeview Guesthouse, Duluth
- Fairfield Inn & Suites, Monticello
- The West Hotel, Minneapolis North Loop
- Element, Mankato
- AC Hotel, Mankato
Another 33 hotels have been proposed. Call or email to learn more about any of them.
Tools
- Full hotel underwriting and waterfall model. Download the Excel model free. Questions or changes you'd recommend are welcome.
- A report on your hotel or market. Ask for one and we'll be in touch.
Thinking about what your hotel would sell for? Request a valuation.