Aspen Suites-Aspen Select-Mayo Clinic/Rochester, MN

The hotels present a rare opportunity for buyers to acquire and reposition two independent properties in the thriving Rochester, MN market. With RevPAR growth of +8.5% and minimal new supply entering the market, both assets are well-positioned for continued success.

Strategically located directly across from The Mayo Clinic/St. Mary’s Hospital and along the new Link Transit system connecting both Mayo campuses, the hotels benefit from strong, built-in demand. Additionally, with $6 billion being invested in Mayo Clinic expansions and infrastructure improvements—alongside the 160-acre Rochester Sports Complex just 10 minutes away—new demand for accommodations is expected to be significant.

Both hotels boast a proven track record of success as independent operations, yet also offer attractive franchising opportunities. Several major brands may offer key money to support renovations, further enhancing the investment potential.

Investment Outlook

Given their prime location, strong condition, competitive price per key, and substantial upside potential, these properties are expected to attract significant investor interest. This is a compelling value-added opportunity to enhance two already well-performing assets in a high-growth, high-demand market. One of the hotels an extended stay, in particular, has immediate upside potential, with 2,000 construction workers entering the market and limited existing supply—factors that will significantly impact demand, especially for extended-stay accommodations in 2025.