1505 15th Ave W - Hospitality FOR SALE


Williston, ND 58801
$6,600,000 USD
801-736-2617
1505 15th Ave W, Williston, ND for Sale
$6,600,000 USD
Hospitality - FOR SALE
1/7
null | 11.11% Cap Rate

1505 15th Ave W
Williston, ND 58801


HIGHLIGHTS

  • Three-Story, 109-Room, Interior Corridor, Choice Branded Upper Midscale Hotel
  • Newer Construction - Attractive Basis at $60,550 Per Key
  • Priced Below 3x RRM
  • Centrally Located Within Williston - Close Proximity to HWY 2 and Surrounding Retail
  • Williston is the Gateway to North Dakota Energy Hub - Bakken Formation, Home to a Mean Estimate of 7.4 Billion Barrels of Oil

OVERVIEW

The Clarion Hotel in Williston, North Dakota presents an exceptional investment opportunity in one of the nation’s most active energy regions. Located in the heart of the Bakken Formation, the property benefits from a steady stream of demand driven by the oil and gas industry, as well as a diverse workforce supporting the region’s economic activity. This full-service hotel offers a range of amenities, including spacious guest rooms, meeting facilities, and dining options, making it an ideal choice for both business and leisure travelers. Williston’s strategic location, bolstered by the presence of Williston Basin International Airport and strong local infrastructure, ensures consistent guest traffic. Affiliated with the Clarion brand, the hotel gains valuable brand recognition and access to a global distribution and loyalty network, enhancing occupancy potential. Priced competitively, the Clarion Hotel in Williston provides investors with an attractive entry point into a robust and growing market.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$776 USD /SF

# OF ROOMS

109

PRICE/ROOM

$60,550 {currency}

CAP RATE

11.11%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clarion Hotel & Suites Williston

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2014

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.86 AC

LAND SF

211,702 SF

ZONING

-

APN/PARCEL ID

01-182-00-00-01-011

ASK ABOUT THIS PROPERTY

Wesley ChristensenMountain West CommercialMore Info
801-736-2617

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Wesley ChristensenMountain West CommercialMore Info
801-736-2617

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.