Hotels for Sale

Motel 6 North – Fargo, ND

Address:
Fargo, North Dakota
Description:

UNDER CONTRACT

  • Fee simple interest in the institutionally owned and operated 96-room Motel 6 Fargo North (#1158) priced at a substantial discount to replacement cost
  • Offered unencumbered of management with an ability to retain the Motel 6 flag via a long-term franchise agreement
  • Moderate change of ownership PIP expected with approximately $570,000 ($5,930/key) of renovation work completed in recent years with the majority ($445k) invested in 2016 - 2017
  • Strong operational upside with asset transitioning out of corporate management structure to a more traditional owner / operator model
  • Ideally situated proximate to major thoroughfare I-29 near the West Acres Regional Shopping Center, dining and entertainment¬†destination
  • Conveniently accessible to North Dakota State University, which serves a student population over 14,000 and is the second largest employer in the market
  • Fargo is the largest city in North Dakota¬†and part of the Fargo-Moorhead MSA, which consists of three cities in two states, and maintains a growing population of over 240,000 residents (+12% pop. increase since 2010)

Listing Agents

Suzanna Farley Aldrich
T: 406.478.3010
Email

Subu Thiagarajan
T: 510.205.7931
Email
DRE #01891134

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