Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Landmark Suites (‘Hotel’ or ‘Property’) located in Williston, North Dakota. The Independent Hotel is offered at $7,550,000 or $83,889 per key. The Landmark Suites is a four-story hotel with 90 rooms, located at 307 Town and Country Ln SW, Williston, North Dakota. The Hotel is easily accessible just off US Highway 2 near the intersection US Highway 85. Various common area amenities at the Property include guest laundry, on-site bar/lounge, business center and fitness center. As of August, the 12-month average RevPAR in the North Dakota Area Hotel Submarket increased by 0.8 percent, reflecting steady growth and a lower-risk environment that supports investor confidence in both the asset and the market. Between year-end 2024 and the twelve months ending in June 2025, the hotel achieved a notable 13.2 percent increase in room revenue, a trend that offers potential buyers advantages such as additional capital for renovations and strengthened cash flow. Williston, North Dakota, offers a strategically positioned hotel investment opportunity at the heart of the Bakken Shale Play, one of the nation’s most productive oil and gas regions. The local economy is anchored by energy production and a wide range of oilfield services, with major operators such as Continental Resources, Hess, EOG, and Marathon driving consistent corporate and contractor lodging demand. This core demand is further supported by robust transportation infrastructure, including Williston Basin International Airport (XWA), which provides direct connections to Minneapolis and Denver and continues to report passenger growth. Beyond its energy base, Williston is also a growing hub for education, healthcare, and regional commerce. Williston State College (4.9 miles) contributes to workforce development and generates steady academic-related visitation, while CHI St. Alexius Health – Williston Medical Center (3.2 miles) provides specialized medical care that brings both visiting providers and patients’ families to the market. Ongoing city-led economic development initiatives further diversify the economy with infrastructure, recreation, and business investment designed to reduce reliance on commodity cycles. The area also presents a strong and expanding leisure and recreation appeal. Williston is home to the Williston Area Recreation Center (5.4 miles), Harmon Park (4.1 miles), and premier golf options including Eagle Ridge Golf Course (7.7 miles) and The Links of North Dakota (32 miles), a nationally ranked course open mid-April through mid- October. Cultural demand drivers include the James Memorial Art Center (4.9 miles) and The Frontier Museum (7.0 miles), all of which highlight the region’s history and creative community. The Fort Union Trading Post National Historic Site (21.8 miles), Missouri-Yellowstone Confluence Interpretive Center (20.1 miles), and Fort Buford State Historic Site (20.5 miles) offer rich historical experiences, while the Lewis and Clark Cut Bluff Overlook (8.2 miles) connects visitors to the area’s exploration legacy. Williston Square, an 800-acre redevelopment of the former Sloulin Field Airport, is attracting new retail, healthcare, and community projects. Recent tenant openings and roadway improvements scheduled for completion in late 2025 position the development as a key driver of long-term growth in Williston. Outdoor enthusiasts are drawn to the Missouri River, Yellowstone River, Lake Sakakawea, and the surrounding Badlands for world-class hunting and fishing. In addition, Lewis and Clark State Park and Theodore Roosevelt National Park – North Unit provide hiking, wildlife viewing, and camping that extend tourism into shoulder seasons. These natural assets help broaden visitation beyond the corporate and project-driven traveler.