Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Suburban Studio Watford City (‘Hotel’ or ‘Property’) located in Watford City, North Dakota. The Choice Hotels International-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. The Suburban Studio Watford City is a 124-room, four-story Hotel located at 4005 Frontier Avenue, Watford City, North Dakota, with options for extended stay accommodations. The Property is highly accessible and easily visible off ND Highway 23. Various common area amenities at the Property include a business center, on-site guest laundry and vending machines. Nestled within the Bakken Formation of the expansive Williston Basin, Watford City, North Dakota, is approximately 50 miles from the Montana State Line and Williston. Boasting a rich history dating back to the early 20th century, the city has undergone a significant transformation in recent years due to the oil boom, attracting a diverse population seeking employment opportunities and a high quality of life. Surrounded by picturesque landscapes and outdoor adventures, residents and visitors alike can immerse themselves in activities such as hiking, fishing, and camping, reveling in the region's natural beauty. With its dynamic economy, welcoming community, and stunning surroundings, Watford City shines as a hidden gem in the heart of North Dakota. Amidst the vibrant landscape of the Williston Basin, the property emerges as a beacon of opportunity, propelled by Chord Energy's acquisition of Enerplus Corp. This $4 billion deal heralds a new era of activity, attracting business travelers and industry professionals seeking accommodation. With Chord's strategic focus on integration and refining drilling programs, the property assumes a pivotal role in catering to the evolving energy landscape. Positioned at the nexus of growth and expansion, it stands ready to welcome guests and capitalize on the abundant opportunities that lie ahead. The hotel benefits from a strategic location, surrounded by a multitude of demand generators that cater to various interests and needs. Within proximity, guests have access to an array of attractions, including the events and entertainment features of the Rough Rider Center. The corporate facilities of the ConocoPhillips Office—a potential draw for business travelers in need of accommodation during their work engagements in the area, is adjacent to the Hotel. Golf enthusiasts can tee off at the nearby Fox Hills Golf Course, while those in need of healthcare services can rely on the McKenzie County Healthcare Systems, Inc. Academic visitors or prospective students may find the nearby University of Mary appealing. For a glimpse into the region's history and culture, the McKenzie County Heritage Park & North Dakota Oil Museum offers engaging exhibits and educational opportunities. Less than five miles from the Hotel, Watford City Municipal Airport serves as a vital transportation hub for the Watford City area in North Dakota. With such a diverse range of amenities and attractions in close proximity, guests are sure to find something to suit their interests and preferences during their stay at the hotel.