Marcus & Millichap is pleased to present a four-property Wyndham and Choice Hotels portfolio spanning North Dakota's primary markets, offered for sale individually or as a portfolio acquisition. All four properties are bank-owned and offered subject to lender approval. The portfolio totals 544 keys across Bismarck, Mandan, Fargo, and Williston, representing an opportunity to acquire scaled hospitality exposure in the upper Midwest at well below replacement cost. Pricing ranges from 1.1x to 2.4x gross revenue, with select assets offering double-digit in-place yields.
Each property can also be acquired on a standalone basis, providing flexibility for buyers with market-specific investment criteria or capital constraints. Demand drivers across the portfolio include state government, two major hospital systems, multiple universities, corporate and energy sector travel, and NDSU athletics in Fargo.
Clarion Williston | 109 keys | $6.2M ($56.9K/key) | 2.63x RRM
Ramada Fargo | 172 keys | $6.0M ($34.9K/key) | 1.78x GRM
Baymont Mandan | 122 keys | $5.0M ($41.0K/key) | 1.50x GRM
Ramada Bismarck | Leasehold Interest | 141 keys | $3.2M ($22.7K/key) | 1.13x GRM
North Dakota Broker of Record Jon Ruzicka 10032