Sleep Inn & Suites Near Grand Forks Alerus 1350 S 42nd St 82 Room Hotel Grand Forks, ND 58201 $8,604,006 CAD ($104,927 CAD/Room) 9.61% Cap Rate

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Sleep Inn & Suites in Grand Forks, North Dakota, an 82-room, interior corridor hotel
strategically positioned to capture consistent demand from a diverse mix of corporate, university, healthcare, and leisure travelers. This well-maintained asset offers
investors a stable cash-flowing opportunity in one of eastern North Dakota’s most dynamic regional hubs, supported by strong economic fundamentals and a broad base
of demand generators.
The property benefits from its proximity to Interstate 29, a major north-south corridor with traffic counts exceeding 20,000 vehicles per day in the immediate area,
providing excellent visibility and accessibility. Grand Forks serves as a key economic center for the region, anchored by the University of North Dakota (UND), which
enrolls over 14,000 students and is a major driver of year-round lodging demand through athletics, events, and academic activity. Additional demand is generated by
Altru Health System, one of the largest employers in the region, as well as Grand Forks Air Force Base located approximately 15 miles west, which supports a steady
influx of government and contractor-related travel. The city also hosts a variety of manufacturing and distribution operations, including companies such as LM Wind
Power and Cirrus Aircraft, further diversifying the local economic base. Retail demand is anchored by Columbia Mall and surrounding national retailers, enhancing the
area’s commercial appeal.
The Sleep Inn & Suites brand is part of Choice Hotels International, a globally recognized hospitality company founded in 1939 and headquartered in North Bethesda,
Maryland. Choice Hotels operates more than 7,000 properties worldwide across a range of segments, with Sleep Inn positioned as an upper-midscale brand known for
its modern design, efficient layouts, and strong guest satisfaction scores. The brand emphasizes value, consistency, and comfort, appealing to both business and leisure
travelers seeking dependable accommodations. Its affiliation with Choice Hotels provides access to a robust reservation system, loyalty program, and global distribution
network, enhancing occupancy and revenue potential.
The Sleep Inn & Suites in Grand Forks presents a compelling investment opportunity with continued upside through revenue management strategies, operational
efficiencies, and potential capital improvements. With its strategic location, strong brand affiliation, and diverse demand base anchored by education, healthcare,
military, and industrial sectors, the property is well-positioned to deliver long-term performance and value appreciation.