Buy & Hold (Hotel): (147 Keys) Hotel & Convention Center, Chaska, MN 55318 + $22,000,000
- Promise Land Realty
- 4 hours ago
- 4 min read
Hotel Investment Opportunity
Price
$22,000,000
OFF-MARKET HOSPITALITY OPPORTUNITY
Oak Ridge Hotel & Convention Center
147-Key Full-Service Hotel | Repositioning & Value-Add Play
📍 1 Oakridge Drive, Chaska, MN 55318
Asking Price: $22,000,000
Executive Summary
Promiseland Realty is proud to present the exclusive off-market opportunity to acquire the Oak Ridge Hotel & Convention Center, a 147-room, full-service hospitality asset located in the highly desirable Chaska, Minnesota submarket.
Positioned on a scenic and accessible site, this institutional-quality asset is undergoing a strategic, phased repositioning after a temporary closure, offering investors the opportunity to step into a deal with significant upside and a clear path to stabilization.
This is a rare chance to acquire a large-scale hospitality property below replacement cost, with a fully developed reopening plan already in motion.
Financials & Info:
Property Highlights
147 Guest Rooms – Ideal for both business and leisure demand
Full-Service Convention & Event Space – High-margin revenue from conferences, weddings, and corporate events
📍 Prime Location: 1 Oakridge Drive, Chaska, MN (strong regional demand drivers)
Boutique Business Positioning – Targeting corporate clients, travel partners, and group bookings
Value-Add Repositioning Opportunity – Reopening after 3-year closure with upgrades underway
Institutional Asset Scale – Suitable for private equity, hotel operators, and experienced investors
Repositioning & Reopening Strategy
The Oak Ridge Hotel is being relaunched with a structured, multi-phase operational plan designed to ensure long-term success and immediate traction upon reopening.
Key initiatives include:
Full property audit (structural, mechanical, life safety systems)
Renovation of guest rooms and public spaces
Technology upgrades (smart TVs, high-speed internet, integrated systems)
FF&E refresh (furnishings, linens, equipment)
Energy-efficient improvements to reduce operating costs
Strategic hiring and training across all departments
Targeted marketing campaign for corporate, travel, and event sectors
This preparation significantly reduces execution risk and accelerates time to stabilization.
Operational & Revenue Strategy
The business plan outlines a measured occupancy ramp-up:
Months 1–3: 25% – 40%
Months 4–6: 45% – 60%
Months 7–12: 60% – 75%
The hotel is projected to reach breakeven within 9–12 months, supported by:
Aggressive marketing and sales initiatives
Group bookings and event-driven revenue streams
OTA integration (Booking.com, Expedia)
Partnerships with local businesses and corporate clients
Investment Thesis
Below Replacement Cost Acquisition
Operational Plan Already in Place
Multiple Revenue Streams (Rooms + Events + F&B)
Scalable Systems & Staffing Model
Strong Exit Strategy Post-Stabilization
Market Positioning
Upon reopening, the property is positioned to re-enter the market as a modernized, four-star hospitality destination, appealing to:
Corporate travelers
Conference and event organizers
Leisure and group travel segments
A high-visibility grand opening campaign will further accelerate market penetration and brand reestablishment.
Offering Details
Price: $22,000,000
Location: 1 Oakridge Drive, Chaska, MN 55318
Asset Type: Hotel / Convention Center
Deal Type: Off-Market
Status: Repositioning / Reopening
Call to Action
This is a high-upside hospitality investment opportunity with institutional scale and a clearly defined path to value creation.
Submit All Offers Directly To:📧 investments@promiselandrealtyllc.com
Property Map
TEAM PROMISELAND DISCLAIMER: No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors & Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
OFFICIAL PROMISELAND LENDING PARTNER
100% Financing for Rehab Projects
Powered by Residential Capital Partners
ResCap is a direct private lender offering zero-money-down loan options for 1-4 unit residential investment flips & rentals across the U.S.
🔹 100% Financing – Covers purchase + rehab
🔹 Fast Closings – ~10 days
🔹 Credit Requirements – 620+ FICO (Rehab), 660+ FICO (DSCR)
🔹 Loan Size – $75K–$1.25M
🔹 Rates – 10.9%–11.9% | 2–3% origination | 1st lien
🔹 Serviced In-House | Virtual Inspections | No Owner-Occ or Rural Props
Nationwide Coverage (Excludes: AK, AZ, NV, PA)
Proof of Funds Available
This listing is proudly sponsored by Residential Capital Partners – trusted lending for the nation’s best flippers.
For more info email sarter@promiselandrealtyllc.com or text (864) 762-2509
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PROMISE LAND REALTY LLC
Work: 864-762-2509
Trusted by 50,000+ Investors. Featured on BiggerPockets:
PROMISELAND DISCLAIMER:
Promiseland Realty LLC is a nationwide real estate consulting firm specializing in off-market investment opportunities, strategic acquisitions, and real estate advisory services.
No one is permitted to market, advertise, or distribute this listing without express written permission or verified membership within the TEAM PROMISELAND network. Unauthorized use or sharing of this opportunity, photos, or property information will result in a $500 fine per incident, enforceable by law.
All off-market properties are sold As-Is, Where-Is. Buyer is responsible for conducting their own due diligence. Properties are conveyed via warranty deed, and Promiseland Realty LLC is selling its assignable contractual interest.
Proof of Funds is required with all offers. Earnest Money Deposit (EMD) is due within 48 hours of an accepted offer. All closings are facilitated through a licensed title company or closing attorney.
Realtors and Brokers: You are welcome to bring a buyer — please add your fee on top of our asking price.
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