Hotels for Sale

Hyatt House Minot, ND

Address:
Minot, North Dakota
Description:

UNDER CONTRACT

  • Fee-simple interest in the 130-room Hyatt House Minot ND
  • Property offered for sale in the November 20th Ten-X auction event
  • Optimal time to be investing in the Minot and North Dakota market with the state hitting new all-time highs in oil and gas production
  • Minot is currently undergoing several years of infrastructure development with the flood wall well underway and total costs anticipated at $1 billion
  • Offered unencumbered of management or debt with the ability to retain the Hyatt flag with a new long-term license agreement
  • Strong operational upside with asset transitioning out of receiver management
  • Situated adjacent on US Highway 83 just north of where it intersects with US Highway 52 with over 11,500 vehicles passing the location daily
  • Readily accessible to all regional Minot demand generators including Minot Air Force Base, Minot State University, Dakota Square Shopping Mall, and Minot International Airport
  • Proximate to existing Trinity Health Care facilities and Trinity’s new 970,000SF high tech campus currently under construction and set to open in 2020, which will have a hospital with 208 private rooms, a level-two trauma facility, and a clinic and medical office building

Listing Agents

Suzanna Farley Aldrich
T: 406.478.3010
Email

Andrew Makhlouf
T | 312.584.1312
Email

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