Paramount Lodging Advisors (PLA) Presents Welcome Suites Extended Stay Hotel, Minot, ND
Paramount Lodging Advisors (PLA) is pleased to present the Welcome Suites Extended Stay Hotel, a 64-key, fee-simple asset located in Minot, North Dakota. The hotel is currently closed following a remediated pipe failure, with interior finishes removed during cleanup, and will be available for scheduled property tours. The offering is exclusively represented by Suzanna Aldrich, Director, and Chuck Klinkhammer, Senior Associate, of Paramount Lodging Advisors.
The property represents a compelling value-add and adaptive reuse opportunity, offering investors the flexibility to reopen the asset as a hotel following renovation or pursue an alternative use, including mixed-use or multifamily conversion.
Investment Highlights
Fee-simple interest in a 64-key extended-stay hotel (formerly My Place Hotel)
Offered unencumbered by debt or management
Closed asset following a January 2024 water event; all damage fully remediated
Significant potential for hotel repositioning or conversion to a new use
City open to rezoning from General Commercial to mixed-use, including multifamily
Offered as part of the March 9th auction event on the RealINSIGHT Marketplace
Location Advantages
Highly visible site along U.S. Route 83, with approximately 24,000 vehicles per day
Proximity to major employment drivers, including Minot Air Force Base, supporting over 12,800 military personnel and dependents
Positioned near regional energy and logistics operations tied to the Bakken oil region, including Hess Corporation
Strong healthcare demand anchored by Trinity Health’s new $560 million regional medical campus, featuring a 590,000-square-foot hospital with 228 beds
Close to key leisure attractions such as the North Dakota State Fairgrounds, Roosevelt Park Zoo, and Scandinavian Heritage Park
Convenient access to Minot International Airport (MOT), serving over 350,000 passengers annually with direct flights from Delta, United, and Allegiant
Paramount Lodging Advisors (PLA) is a national hotel brokerage and advisory firm specializing in hospitality asset sales, debt and equity placement, and value-enhancement strategies.
For more information, visit: https://rimarketplace.com
To connect with Suzanna and Chuck regarding this offering, visit: https://paramountlodging.com/team