Hotel-Motel

My Place Hotel Fargo

2555 55th St S, Fargo, ND 58104

Listing Price: Request For Offer

Number of Rooms
64
Gross SF
28,879
Year Built
2014

Investment Overview

Marcus & Millichap presents for sale the My Place Hotel in Fargo, North Dakota. This hotel opened in 2014 and has 64 rooms on three interior corridors. The location of this property is ideal, just off Interstate 94 and within a 15-minute drive of the Hector International 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. Fargo is the most populous city in the state, accounting for nearly 17% of the state population. According to the 2019 United States Census estimates, its population was 124,662, making it the 222nd most populous city in the United States. Fargo, along with its twin city of Moorhead, Minnesota, as well as the adjacent cities of West Fargo, North Dakota and Dilworth, Minnesota, form the core of the Fargo-Moorhead, ND-MN Metropolitan Statistical Area, which in 2018 contained a population of 245,471. Fargo is a cultural, retail, health care, educational, and industrial center for eastern North Dakota and northwestern Minnesota. The city is also home to North Dakota State University. The economy of the Fargo area has historically been dependent on agriculture. That dominance has decreased substantially in recent decades. Today the city of Fargo has a growing economy based on food processing, manufacturing, technology, retail trade, higher education, and healthcare. In 2019, Far go was ranked as the 23rd Best Small Places for Business in Careers by Forbes Magazine.

Investment Highlights

  • Fargo is the Largest City in North Dakota, with a Population of 125,000
  • North Dakota State University is the Largest University in the State, with Student Enrollment over 14,000
  • My Place Hotel is a Short, One-Minute Drive from the Sanford Medical Center, with 284 Hospital Beds
  • Major Local Employers include Bobcat, Microsoft, and Case IH
  • Efficiently Designed Extended-Stay Property, Priced Well Below Replacement Costs
  • Minimal PIP Anticipated
  • Unencumbered by Debt, Management, or Franchise

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): ND: 10032

    North Dakota

Hotel-Motel

My Place Hotel Fargo

Listing Price: Request For Offer

Number of Rooms
64
Gross SF
28,879
Year Built
2014

Investment Highlights

  • Fargo is the Largest City in North Dakota, with a Population of 125,000
  • North Dakota State University is the Largest University in the State, with Student Enrollment over 14,000
  • My Place Hotel is a Short, One-Minute Drive from the Sanford Medical Center, with 284 Hospital Beds
  • Major Local Employers include Bobcat, Microsoft, and Case IH
  • Efficiently Designed Extended-Stay Property, Priced Well Below Replacement Costs
  • Minimal PIP Anticipated
  • Unencumbered by Debt, Management, or Franchise

Investment Overview

Marcus & Millichap presents for sale the My Place Hotel in Fargo, North Dakota. This hotel opened in 2014 and has 64 rooms on three interior corridors. The location of this property is ideal, just off Interstate 94 and within a 15-minute drive of the Hector International 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. Fargo is the most populous city in the state, accounting for nearly 17% of the state population. According to the 2019 United States Census estimates, its population was 124,662, making it the 222nd most populous city in the United States. Fargo, along with its twin city of Moorhead, Minnesota, as well as the adjacent cities of West Fargo, North Dakota and Dilworth, Minnesota, form the core of the Fargo-Moorhead, ND-MN Metropolitan Statistical Area, which in 2018 contained a population of 245,471. Fargo is a cultural, retail, health care, educational, and industrial center for eastern North Dakota and northwestern Minnesota. The city is also home to North Dakota State University. The economy of the Fargo area has historically been dependent on agriculture. That dominance has decreased substantially in recent decades. Today the city of Fargo has a growing economy based on food processing, manufacturing, technology, retail trade, higher education, and healthcare. In 2019, Far go was ranked as the 23rd Best Small Places for Business in Careers by Forbes Magazine.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    License(s): ND: 10032

    North Dakota

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