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Sonesta Essential & Suites Minot 3420 S Broadway 102 Room Hotel Minot, ND 58701 $3,900,000 ($38,235/Room) 8.50% Cap Rate
Investment Highlights
- Buyer’s estimated PIP - $500K
- 2025 Projected Revenue 1.3 million - just signed Skywest contracts
- Average 2 year Revenue $1,072,000
- 2 year average EBITDA $315,000
Property Facts
| Price | $3,900,000 | Lot Size | 2.52 AC |
| Price Per Room | $38,235 | Building Size | 57,124 SF |
| Sale Type | Investment | No. Rooms | 102 |
| Cap Rate | 8.50% | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2012 |
| Property Subtype | Hotel | Parking Ratio | 2.17/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C2 - General Commercial | ||
| Price | $3,900,000 |
| Price Per Room | $38,235 |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.52 AC |
| Building Size | 57,124 SF |
| No. Rooms | 102 |
| No. Stories | 4 |
| Year Built | 2012 |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Interior |
| Zoning | C2 - General Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 10 | $114.00 | - |
| Guest Room | 92 | $105.00 | - |
1 1
Property Taxes
| Parcel Number | MI-35288-253-005-0 | Improvements Assessment | $793,000 |
| Land Assessment | $713,000 | Total Assessment | $1,506,000 |
Property Taxes
Parcel Number
MI-35288-253-005-0
Land Assessment
$713,000
Improvements Assessment
$793,000
Total Assessment
$1,506,000
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Sonesta Essential & Suites Minot | 3420 S Broadway
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