Bank Owned North Dakota Hotel Portfolio Hospitality FOR SALE


$20,400,000 USD
832-830-2027
for Sale
$20,400,000 USD
Hospitality - FOR SALE
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Bank Owned North Dakota Hotel Portfolio


HIGHLIGHTS

  • 544 keys across four flagged assets, priced at a blended $37,500 per key
  • Bismarck and Mandan offered at 1.13x and 1.50x gross revenue, representing deep value entry points for an owner-operator
  • All four properties offered well below replacement cost
  • Available individually or as a portfolio, providing flexibility for buyers across a range of capital profiles

OVERVIEW

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

ASK ABOUT THIS PROPERTY

Wes ChristensenKW CommercialMore Info
832-830-2027

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Wes ChristensenKW CommercialMore Info
832-830-2027

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