Research Monthly report
Minnesota hotel market update, December 2025
- Minnesota
Minnesota hotels ran 56.4% occupancy at a $133.06 ADR over the last twelve months, RevPAR +1.7%. 7 hotels sold and 7 new hotels are in the works.
Minnesota's hotel market for December 2025: 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
56.4%
ADR, trailing 12 months
$133.06
RevPAR, trailing 12 months
$75.11
+1.7% year over year
RevPAR, Nov '25 vs Nov '24
+3.3%
Performance
Across every Minnesota hotel, the trailing twelve months averaged 56.4% occupancy, a $133.06 ADR and $75.11 RevPAR, with RevPAR +1.7% on the year before.
RevPAR for Nov '25 was +3.3% against Nov '24.
Month by month, Minnesota RevPAR in 2025 against 2024, through November:
All figures are from STR and run a month behind. For a specific market or scale, reach out.
Sales
| Hotel | City | Price | Note |
|---|---|---|---|
| Holiday Inn Express Saint Cloud | St. Cloud | $8,700,000 | |
| Courtyard Woodbury | Woodbury | $11,300,000 | Part of a two-hotel portfolio |
| Residence Inn Woodbury | Woodbury | $15,000,000 | Part of a two-hotel portfolio |
| Bison Plains Lodge Moorhead | Moorhead | $1,900,000 | |
| America's Best Value Inn Thief River Falls | Thief River Falls | $900,000 | |
| Best Western Premier Detroit Lakes | Detroit Lakes | $5,500,000 | |
| AmericInn Parkers Prairie | Parkers Prairie | $975,000 |
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 November 30, 2025 |
|---|---|
| Prime rate | 6.75% |
| 10-year Treasury | 4.14% |
| 5-year Treasury | 3.69% |
New developments
Boundaries, roads and water: U.S. Census Bureau (TIGER/Line).
New hotels in Minnesota:
- Wyndham Garden, Sartell
- Holiday Inn Express, Alexandria
- Candlewood Suites, Mankato East
- Clyde Hotel, Duluth
- The Lakeview Guesthouse, Duluth
- Fairfield Inn & Suites, Monticello
- The West Hotel, Minneapolis North Loop
Other developments that bring travelers:
- Meta Hyperscale Data Center, Rosemount, MN (one of the largest known data center builds in the state)
- Apple Valley Technology Park (Proposed Data Center Campus), Apple Valley, MN (large multi-building data center proposal)
- Rural Minnesota $4B Data Center + Wind/Solar/Battery Project, Southwestern MN (plan for massive tech/energy campus)
- Downtown Minneapolis Data Center Repurposing, Minneapolis, MN (planned data center conversion project)
- Metro Blue Line Transit Extension, Hennepin County / Minneapolis Region (major transit infrastructure, ridership growth catalyst)
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.