Research Minnesota (MN)
Minnesota (MN) hotel market reports Minnesota
Every hotel market report and monthly market update on Minnesota (MN) from Reed Gizinski, a hotel broker with the Ruzicka Hotel Team at Marcus & Millichap: 21 reports, the newest sent November 2, 2026. Markets covered: Twin Cities, Minneapolis northwest metro, Minneapolis CBD, Bloomington, Rochester, Owatonna, Duluth and Mankato.
The latest monthly update, October 2026: Minnesota (MN) hotels ran 56.49% occupancy at a $137.86 ADR over the last twelve months, RevPAR +4.05%. 4 hotels sold, 1 at auction, and 5 new hotels are in the works. Read the October 2026 update.
Minnesota (MN) hotel market reports by market
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Twin Cities, MN hotel market report, Q2 2026
Twin Cities midscale-upscale hotels: 60.1% occupancy, a $123.60 ADR, RevPAR +3.0% to $74.23, nothing under construction and a 3.6% pipeline.
- Minneapolis
- St. Paul
- Twin Cities metro
- Hennepin County
- Ramsey County
- Minnesota (MN)
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Minneapolis northwest metro, MN hotel market report, Q2 2026
Maple Grove, Plymouth and Brooklyn Park: 61.2% occupancy, a $130.07 ADR and RevPAR +6.4% to $79.62, at 10-year highs, with no new hotels coming.
- Maple Grove
- Plymouth
- Brooklyn Park
- Brooklyn Center
- Osseo
- Hennepin County
- Minnesota (MN)
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Minneapolis CBD, MN hotel market report, Q2 2026
Downtown Minneapolis: a $179 ADR, 54.9% occupancy and $98.45 RevPAR (-1.7%); a 288-room pipeline, 2.7% of supply, and a distressed cycle.
- Minneapolis
- Hennepin County
- Minnesota (MN)
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Bloomington, MN hotel market report, Q2 2026
66.3% occupancy (+1.7 pts), $130.69 ADR and $86.70 RevPAR (+2.2%) across 47 hotels and 9,201 rooms, with no pipeline and a 10.4% cap rate.
- Bloomington
- Minnesota (MN)
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Rochester, MN hotel market report, Q2 2026
Record RevPAR of $80.18 (+8.5%) on 61.5% occupancy (+6.0%) and a $130.41 ADR. Mayo's $5B expansion drives demand; 663 rooms in the pipeline.
- Rochester
- Olmsted County
- Minnesota (MN)
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Upper Midwest hotel sale data, January to May 2026
105 hotel sales in MN, WI, IA, ND and SD from January to May 2026, +25%; volume $359M, +58%. Average price per key up 57% while the median fell 12.5%.
- Minnesota (MN)
- Wisconsin (WI)
- Iowa (IA)
- North Dakota (ND)
- South Dakota (SD)
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Owatonna, MN hotel market report, Q1 2026
Occupancy 45.1% (-5.6%) as 320 new and reopened rooms are absorbed; ADR $114.27 holds above its 10-year range. RevPAR $51.57 (-5.6%), no pipeline.
- Owatonna
- Steele County
- Minnesota (MN)
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Duluth, MN hotel market report, Q2 2026
57.5% occupancy, a $169.20 ADR and $97.36 RevPAR, each slightly down; a lean 251-room pipeline and the $1.8B Blatnik Bridge ahead.
- Duluth
- St. Louis County
- Minnesota (MN)
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Mankato, MN hotel market report, Q1 2026
ADR $124.86 (+2.37%) and RevPAR $71.69 sit above 10-year highs at 57.4% occupancy; the 278-room AC Hotel and Element add +22.9% supply in Dec 2026.
- Mankato
- North Mankato
- Minnesota (MN)
Minnesota (MN) monthly hotel market updates
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Minnesota hotel market update, October 2026
Minnesota hotels ran 56.49% occupancy at a $137.86 ADR over the last twelve months, RevPAR +4.05%. 4 hotels sold, 1 at auction, and 5 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, September 2026
Minnesota hotels ran 56.46% occupancy at a $137.72 ADR over the last twelve months, RevPAR +4.39%. 2 hotels sold and 4 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, August 2026
Minnesota hotels ran 56.69% occupancy at a $136.99 ADR over the last twelve months, RevPAR +3.83%. 1 hotel sold and 5 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, July 2026
Minnesota hotels ran 57.41% occupancy at a $135.97 ADR over the last twelve months, RevPAR +3.96%. 3 hotels sold and 7 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, June 2026
Minnesota hotels ran 56.97% occupancy at a $134.93 ADR over the last twelve months, RevPAR +3.08%. 3 hotels sold and 7 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, May 2026
Minnesota hotels ran 57.09% occupancy at a $134.29 ADR over the last twelve months, RevPAR +3.07%. 4 hotels sold and 9 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, April 2026
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 (MN)
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Minnesota hotel market update, March 2026
Minnesota hotels ran 57.13% occupancy at a $134.13 ADR over the last twelve months, RevPAR +2.26%. 5 hotels sold and 8 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, February 2026
Minnesota hotels ran 56.67% occupancy at a $134.67 ADR over the last twelve months, RevPAR +1.51%. 1 hotel sold and 9 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, January 2026
Minnesota hotels ran 56.82% occupancy at a $132.43 ADR over the last twelve months, RevPAR +0.9%. 3 hotels sold and 7 new hotels are in the works.
- Minnesota (MN)
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Minnesota hotel market update, December 2025
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 (MN)
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Minnesota hotel market update, November 2025
Hotel performance across Minnesota and the Minneapolis metro continues to show modest improvement driven primarily by occupancy gains, with statewide RevPAR up 2.2% year-over-year and Minneapolis RevPAR up 0.6%, despite ADR softening slightly in the metro. 4 hotels sold and 7 new hotels are in the works.
- Minnesota (MN)