Investment Overview

Marcus & Millichap presents for sale the My Place Hotel in Bismarck, North Dakota. This hotel opened in 2013 an d has 64 rooms on three interior corridors. The location of this property is ideal, just off Interstate 94 and within a ten-minute drive of the Bismarck Municipal Airport. The My Place Hotel is an extended-stay property that offers great amenities to its guests at reasonable prices. Each room has a kitchenette with a full fridge, a two-burner stove, and a dining area with two chairs. The beds are all queen-sized with one- and two-bed rooms available. Each bed has microfiber sheets and plush pillows for maximum comfort. Located on the banks of the beautiful Missouri River, Bismarck is the capital and second-most populous city in the state of North Dakota. The city’s population was estimated in 2019 at 73,529, while its metropolitan population was 132,678. I n 2017, Forbes magazine ranked Bismarck as the seventh fastest-growing small city in the United States and has one of the lowest rates of unemployment in the United States. Recently there has been a major resurgence in downtown Bismarck. Hundreds of millions of dollars of private and public money have been poured into the city in projects ranging from multi-family developments to road construction projects. Bismarck is the epitome of clean living, safe family neighborhoods, excellent public schools and a fun wholesome lifestyle.