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1597 6th Ave W
Dickinson, ND 58601
Microtel Inn & Suites by Wyndham Dickinson · Hospitality Property For Sale
·
33,828 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2011/2015 |
| Building Class | C | Parking Ratio | 1.14/1,000 SF |
| Lot Size | 2.43 AC | Corridor | Interior |
| Building Size | 33,828 SF | ||
| Zoning | H-1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.43 AC |
| Building Size | 33,828 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2011/2015 |
| Parking Ratio | 1.14/1,000 SF |
| Corridor | Interior |
| Zoning | H-1 |
AMENITIES
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ABOUT 1597 6TH AVE W , DICKINSON, ND 58601
CBRE Hotels is pleased to present the opportunity to acquire the fee simple interest in the Microtel Inn & Suites located in Dickinson, North Dakota. Dickinson is centrally located in the southwestern portion of the state, 80 miles west of Bismarck (North Dakota State Capital), along Interstate 94. Additionally the city is the midpoint between Fargo, North Dakota and Billings, Montana. The area includes a manufacturing, agriculture, energy and recreation based economy which boasted an October 2019 unemployment rate of 2.5%. The three-story, 79-room Microtel Inn & Suites features a complimentary breakfast, a fitness room, an indoor pool and a meeting room. Furthermore, the property has a strong location less than a quarter mile north of Interstate access and is additionally adjacent to the Prairie Hills Mall. Moreover, the hotel is nestled in a dense commercial pocket, including numerous restaurants and national retailers within walking distance. The hotel achieved a YTD September 2019 Occupancy index of 119% and a RevPAR index of 97%. However, the property trails the competitive set’s average daily rate (ADR) by over $15 and ranks three of six hotels, offering an opportunity to drive rate following a change of ownership.
PROPERTY TAXES
| Parcel Number | 41111003000900 | Improvements Assessment | $1,227,900 |
| Land Assessment | $486,000 | Total Assessment | $1,713,900 |
PROPERTY TAXES
