MainStay Suites Tioga, ND

Listing Agents

Chuck Klinkhammer
T | 701.298.2929
cklinkhammer@paramountlodging.com

Suzanna Farley Aldrich
T | 406.478.3010
saldrich@paramountlodging.com

Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 89-room MainStay Suites Hotel Tioga, ND offered at a substantial discount to replacement cost
  • Available individually or as part of a 2-pack with its identical sister property the MainStay Suites Stanley, ND for greater efficiency of operations and economies of scale
  • Unencumbered of management with ability to retain the current third-party operator if preferred
  • MainStay Suites by Choice flags can be relicensed long-term with completion of a nominal PIP
  • Well-maintained hotel that consistently receives excellent guest reviews and is in the top few assets of its greater regional comp set per STR rankings
  • History of strong cashflows affording immediate yield for new ownership and making the hotel readily financeable
  • Midscale extended stay offering with apartment-style guest suites and a variety of hotel amenities including a small onsite restaurant and lounge
  • Extended stay midscale product is widely recognized as recession proof and remains a preferred investment target among both private and public investors
  • Ideally located along Highway 40 in the heart of Tioga with immediate access to downtown and all business demand including Hess Corporation’s Natural Gas Facility, Burlington Northern Railroad, and Key Energy Services Yard
  • Readily accessible to all regional leisure demand including the Tioga Municipal Airport, Lewis and Clark State Park, Antelope Creek State Wildlife, Lostwood National Wildlife Refuge, and Lake Sakakawea State Park
  • Tioga / Stanley is the oil capital of North Dakota and a hub for the energy industry within the Bakken Oil Formation, the third-largest oil producing region in the U.S.
  • An ideal time to be investing in the Bakken region as the U.S. Energy Information Administration (EIA) expects United States oil production to set annual out records in both 2023 and 2024, bolstered locally by a $1.1 billion investment in the Bakken by Hess Corporation
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