Hotel-Motel

My Place Hotel Minot

3501 4th St SW, Minot, ND 58701

Listing Price: Request For Offer

Number of Rooms
64
Gross SF
28,000
Year Built
2012

Investment Overview

Marcus & Millichap presents for sale the My Place Hotel in Minot, North Dakota. This property has 64 rooms on three interior corridors and sits on a spacious 2.00-acre parcel. The location of the property is ideal as it is located near Highways 83 and 52, both of which are large thoroughfares through central North Dakota. 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. Minot was founded in 1887 and is best known as the “Magic City” due to its rapid growth. Minot is the 4th largest city in North Dakota with just over 45,000 people. The Minot Airforce Base, railroad, construction and oil business are some of the primary economic drivers in the area. Minot is also home several wind energy developments which are in various stages of development. The economy also profits from tourism specially from visitors traveling across the Canadian border to shop. Minot is a hub city for North Central North Dakota. It is not uncommon for people to travel from several miles to come to Minot for goods, services and medical attention. The My Place hotel is in a great location, just off of the U.S Route 83 and within walking distance of several restaurants and shopping centers.

Investment Highlights

  • Minot acts as the Gateway to Bakken Formation, Home to a Mean Estimate of 7.4 Billion Barrels of Oil and 6.7 Trillion Cubic Feet of Natural Gas
  • Excellent location within Minot submarket – within walking distance of Walmart Supercenter, restaurants, and retail
  • Major infrastructure projects currently underway in Minot
  • Efficiently Designed Extended-Stay Property Priced Well Below Replacement Costs
  • Minimal PIP Anticipated
  • Unencumbered by Debt, Management, or Franchise

Exclusively Listed By

Hotel-Motel

My Place Hotel Minot

Listing Price: Request For Offer

Number of Rooms
64
Gross SF
28,000
Year Built
2012

Investment Highlights

  • Minot acts as the Gateway to Bakken Formation, Home to a Mean Estimate of 7.4 Billion Barrels of Oil and 6.7 Trillion Cubic Feet of Natural Gas
  • Excellent location within Minot submarket – within walking distance of Walmart Supercenter, restaurants, and retail
  • Major infrastructure projects currently underway in Minot
  • 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 Minot, North Dakota. This property has 64 rooms on three interior corridors and sits on a spacious 2.00-acre parcel. The location of the property is ideal as it is located near Highways 83 and 52, both of which are large thoroughfares through central North Dakota. 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. Minot was founded in 1887 and is best known as the “Magic City” due to its rapid growth. Minot is the 4th largest city in North Dakota with just over 45,000 people. The Minot Airforce Base, railroad, construction and oil business are some of the primary economic drivers in the area. Minot is also home several wind energy developments which are in various stages of development. The economy also profits from tourism specially from visitors traveling across the Canadian border to shop. Minot is a hub city for North Central North Dakota. It is not uncommon for people to travel from several miles to come to Minot for goods, services and medical attention. The My Place hotel is in a great location, just off of the U.S Route 83 and within walking distance of several restaurants and shopping centers.

Exclusively Listed By

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