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Chicago & Midwest  + Midwest  + Hospitality  |  June 20, 2025
Jasmine Kilman
By: Jasmine Kilman

AmericInn Hotel in Minnesota Trades Hands

Marcus & Millichap has arranged the sale of a 38-room AmericInn hotel property in Sleepy Eye, Minnesota.

“This property’s direct connection to the city-owned event center positions it as a rare year-round revenue generator with a built-in pipeline of group and event-driven demand,” said Jon Ruzicka, managing director investments. “The new ownership plans to make thoughtful updates while preserving the hotel’s strong local presence. This sale reflects growing investor confidence in Sleepy Eye’s stable, industry-supported hospitality market.”

Ruzicka, Joseph Ferguson and Reed Gizinski, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller and procured the buyer.

Built in 1990 and situated on 1.76 acres, amenities include an indoor pool, hot tub, business center and complimentary breakfast. The hotel was fully renovated and rebranded in 2017, with a new roof added in 2024.

Read More News Stories About: Marcus & Millichap
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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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