Details - Information last confirmed on May 26, 2021

-Eco-friendly, 26-unit hotel in a popular vacation market
-14.5% cap rate with very consistent revenue; 2020 EBITDA eclipsed the previous two years
-Originally built in 2004 with a 10-unit building addition in 2010. The original building has exterior corridors while the expansion has interior corridors
-Great opportunity for an owner-operator
-Two manager's apartments on-site
-Many bathrooms have been recently renovated, and new decking has been installed
-Great online reviews, including a 4.5 star rating on TripAdvisor and numerous "Certificate of Excellence" awards
-In close proximity to the Boundary Waters Canoe Area ("BWCA"), the largest wilderness area east of the Rockies, an outdoor enthusiast's dream
-Located off Route 169 (the "main drag" in Ely) with easy access to downtown Ely and its numerous restaurants, pubs, and entertainment options

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