Fairfield Inn Grand Forks, ND

Listing Agents

Chuck Klinkhammer
T | 701.298.2929
cklinkhammer@paramountlodging.com

Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com

Detailed Information
Property Highlights

UNDER CONTRACT

  • Fee simple interest in the institutionally owned and third-party managed Fairfield Inn Grand Forks, ND
  • Available for individual sale as part of a larger 18-property institutional portfolio sale in the August 4th auction event via Ten-X
  • Offered unencumbered by debt and management with the ability to retain the Fairfield Inn flag upon brand approval and completion of the PIP
  • Significant operating improvement prospects following completion of the PIP and transfer to a regional owner/operator model with strong local economies of scale
  • Centrally located adjacent to Columbia Mall and easily accessible to regional demand including the University of North Dakota, Alerus Center, Ralph Englestad Arena, Altru Hospital, Grand Forks International Airport, and Grand Forks Air Force Base
  • Opportune time to be investing in Grand Forks alongside the proposed $700MM Fufeng Corn Milling Plant development
  • Overall occupancy improving in the Grand Forks market following recent easing of COVID-related Canadian border restrictions
Location

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