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Hotel-Motel

Super 8

1001 Highway 2 East, Devils Lake, ND 58301

Listing Price: $1,100,000

Cap Rate
13.89%
Number of Rooms
37
RevPAR
$32
Gross SF
15,031
Price/Room
$29,730
RRM
2.54
Price/Gross SF
$73.18
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to present this Well Maintained 37-room Interior Corridor Hotel. Ideal for an Owner-Operator, since it has a 2-Bedroom 1- Bath Owner's Quarters Onsite. Devils Lake is a Popular Destination in Summer & Winter for Outdoor Sports related to the Lake. The Lake is the Largest Natural Body of Water in the State of North Dakota and Attracts Tourist & Sports Enthusiasts. It has a Reputation of being the “Perch Capital of the World” and has been Ranked as One of the Top Five Fishing Lakes in the US. Only a 2.5-Hour Drive from Fargo, ND which is the Largest City in the State.

Investment Highlights

  • 37 Room Interior Corridor Hotel
  • 2 Bedroom 1 Bathroom Owner's Quarters On Site. Ideal for an Owner-Operator
  • County Seat of Ramsey County, ND
  • Devils Lake is a Popular Destination for Fishing, Camping, Boating, Ice-Fishing, Ice Skating, Hunting, etc.
  • Offered at an Attractive 2.51x Multiplier and 13.89% Cap Rate
  • 1 Hour from Grand Forks and Only 2.5 Hour Drive from Fargo, ND

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) ND: 10032

    North Dakota

Financing By

Listing Price: $1,100,000

Cap Rate
13.89%
Number of Rooms
37
RevPAR
$32
Gross SF
15,031
Price/Room
$29,730
RRM
2.54
Price/Gross SF
$73.18
Year Built
1978

Investment Highlights

  • 37 Room Interior Corridor Hotel
  • 2 Bedroom 1 Bathroom Owner's Quarters On Site. Ideal for an Owner-Operator
  • County Seat of Ramsey County, ND
  • Devils Lake is a Popular Destination for Fishing, Camping, Boating, Ice-Fishing, Ice Skating, Hunting, etc.
  • Offered at an Attractive 2.51x Multiplier and 13.89% Cap Rate
  • 1 Hour from Grand Forks and Only 2.5 Hour Drive from Fargo, ND

Investment Overview

Marcus & Millichap is pleased to present this Well Maintained 37-room Interior Corridor Hotel. Ideal for an Owner-Operator, since it has a 2-Bedroom 1- Bath Owner's Quarters Onsite. Devils Lake is a Popular Destination in Summer & Winter for Outdoor Sports related to the Lake. The Lake is the Largest Natural Body of Water in the State of North Dakota and Attracts Tourist & Sports Enthusiasts. It has a Reputation of being the “Perch Capital of the World” and has been Ranked as One of the Top Five Fishing Lakes in the US. Only a 2.5-Hour Drive from Fargo, ND which is the Largest City in the State.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): ND: 10032

    North Dakota

Financing By

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