SpringHill Suites Rochester Mayo Clinic Area/St. Mary's

Avison Young is pleased to be the exclusive listing Broker for the SpringHill Suites by Marriott, located directly across the street from the St Mary’s Hospital at the Mayo Clinic.

The Mayo Clinic is a world-renowned health care facility. With 5,000 beds and more than 16 specialties, the clinic is routinely voted the #1 hospital in the country. The Mayo Clinic has short and long-term hospitality/residential needs at every level. Economically, Rochester has a higher-than-average median income, 2.5 percent unemployment, and economic development opportunities, particularly in established healthcare and research sectors, that will continue to attract robust investment. There is significant potential for growth in health tech and biotech startups, capitalizing on the metro's innovative ecosystem. With recent announcements of a $5 billion expansion/reimagining of Mayo’s facilities and an additional $585 million in infrastructure improvements from the State, the six year plan will result in an additional 6,000 jobs and $2 billion of economic output by the hospital. The investment will position Rochester as a global center for research, development, and healing. The SpringHill Suites represents a unique opportunity for a Buyer to reposition the hotel into an extended stay brand, reposition the property into a multifamily asset, or a combination of uses utilizing short term distribution channels such as Airbnb and VRBO.