Sold – Seller & Buyer Representation – Canterbury Inn in Shakopee (1244 Canterbury Road) is a beautiful 4 Star rated, full service hotel with a 2x Price to Income ratio. In addition to 175 rooms and suites, the property features the Arizona Steakhouse and Sports Lounge with indoor and outdoor dining and entertainment, luxurious swimming pool atrium featuring two whirlpools, sauna, adjacent workout facility, arcade, banquet facilities and fine dining, and 20,000 SF of office space and conference rooms for the business traveler. With Beverage and Lounge income exceeding $1,000,000 annually, and a 23% ADR increase since 2008, this hotel is a solid & stable hospitality asset with tremendous upside for new ownership.
Canterbury Inn is conveniently located directly south and only 25 miles from downtown Minneapolis, adjacent to Canterbury Park. This hotel has the perfect combination of abundant amenities and ideal location, weather you are in town on business, seeking a romantic getaway away from the hustle and bustle of the city, or enjoying the local attractions or historic downtown Shakopee. From weddings and conventions to family vacations, this hotel offers exceptional value and convenience.
Currently for 2012, 27 weddings have been booked, already more than a two-fold increase over last year’s total. Convention and special event bookings currently stand at $221,000, more than 90% above last year’s total by this time. Among its many amenities, the hotel offers a white linen, fine dining steak house, as well as a family restaurant and lounge with patio seating, featuring stage and live bands Thursday through Sunday evenings.
With its spacious 6,460 square feet of conference and banquet rooms, this hotel provides an ideal setting for business and corporate gatherings during the day, and banquet dinners at night. Its large indoor heated pool, two Jacuzzis, Sauna and Fitness Center, and arcade provides a wide variety of indoor activities for children and adults.
Amenities for the spacious guest rooms and suites, featuring poolside King and Queen whirlpool honeymoon suites, include cable/satellite TV with HBO, and complimentary high speed internet, and more. Of course, a complimentary continental breakfast is offered to each guest every morning in the beautiful poolside atrium.
Canterbury Inn in Shakopee is the closest full service hotel to Valley Fair Amusement Park, and next to Canterbury Park Racetrack and Card Club. The Mall of America, The Landing (formerly Murphy’s Landing), the Minnesota Renaissance Festival, and Mystic Lake Casino are just a few of the other nearby attractions. Two golf courses and Raceway Park top off some of the fabulous area activities.
Canterbury Inn in Shakopee: $3,900,000.