Hotel-Motel

My Place Hotel Bismarck

2640 Centennial Rd, Bismarck, ND 58503

Listing Price: Request For Offer

Number of Rooms
64
Gross SF
28,806
Year Built
2013

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.

Investment Highlights

  • Bismarck Acts as the Medical Hub of North Dakota, with Two Major Hospitals Totaling over 500 Beds including Sanford Health and CHI State Alexis Bismarck Medical Center
  • The Bismarck Airport Has Undergone a Massive Renovation, with the Expectation of Adding Two More Terminals
  • Efficiently Designed Extended-Stay Property Priced Well Below Replacement Costs
  • Minimal PIP Anticipated
  • Unencumbered by Debt, Management, or Franchise
  • Bismarck is the Capital of North Dakota and the Second Most Populous City in the State
  • Bismarck is Home to Two Universities and a College: Bismarck State College, North Dakota University, and University of Mary

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): ND: 10032

    North Dakota

Listing Price: Request For Offer

Number of Rooms
64
Gross SF
28,806
Year Built
2013

Investment Highlights

  • Bismarck Acts as the Medical Hub of North Dakota, with Two Major Hospitals Totaling over 500 Beds including Sanford Health and CHI State Alexis Bismarck Medical Center
  • The Bismarck Airport Has Undergone a Massive Renovation, with the Expectation of Adding Two More Terminals
  • Efficiently Designed Extended-Stay Property Priced Well Below Replacement Costs
  • Minimal PIP Anticipated
  • Unencumbered by Debt, Management, or Franchise
  • Bismarck is the Capital of North Dakota and the Second Most Populous City in the State
  • Bismarck is Home to Two Universities and a College: Bismarck State College, North Dakota University, and University of Mary

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.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): ND: 10032

    North Dakota

MM Texture Background
MM Textured Background Lower