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Bank Owned North Dakota Hotel Portfolio 4 Hospitality Properties Offered at $28,101,001 CAD in Multiple Locations
Investment Highlights
- 544 keys across four flagged assets, priced at a blended $37,500 per key
- All four properties offered well below replacement cost
- Bismarck and Mandan offered at 1.13x and 1.50x gross revenue, representing deep value entry points for an owner-operator
- Available individually or as a portfolio, providing flexibility for buyers across a range of capital profiles
Executive Summary
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
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
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $28,101,001 CAD | Number of Properties | 4 |
| Price / SF | $71.45 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 393,294 SF |
| Status | Active | Total Land Area | 21.53 AC |
| Price | $28,101,001 CAD |
| Price / SF | $71.45 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 393,294 SF |
| Total Land Area | 21.53 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Ramada by Wyndham Bismarck
1400 Interchange Ave, Bismarck, ND 58501 |
Hospitality | 97,504 SF | 1975 | - |
|
Ramada by Wyndham Fargo
3333 13th Ave S, Fargo, ND 58103 |
Hospitality | 120,070 SF | 1979 | - |
|
Baymont by Wyndham Mandan Bismarck Area
2611 Old Red Trl NW, Mandan, ND 58554 |
Hospitality | 167,220 SF | 1971 | - |
|
Clarion Hotel & Suites Williston
1505 15th Ave W, Williston, ND 58801 |
Hospitality | 8,500 SF | 2014 | - |
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Bank Owned North Dakota Hotel Portfolio
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