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The Watford Hotel 810 3rd Ave sw 77 Room Hotel Watford City, ND 58854 $2,650,000 ($34,416/Room)
INVESTMENT HIGHLIGHTS
- Modern, Well-Maintained Facility: Contemporary 77-room hotel featuring upscale amenities
- Underutilized On-Site Bar: Includes a built-out bar space that is currently inactive, offering immediate value-add potential
- Compelling Value Opportunity: Represents a strong investment based on current income generation and quality of construction
- Proximity to Major Oil Field Markets: Strategically located in Watford City, ND, with direct access to regional energy hubs
- Branding Expansion Opportunity: Potential to add a large number of major hotel brands, creating flexibility for repositioning
EXECUTIVE SUMMARY
Brian Brockman
License # 3269 (ND)
Matthews Real Estate Investment Services
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
License # 3269 (ND)
Matthews Real Estate Investment Services
2939 Vernon Place Cincinnati OH 45219
(866) 889-0550
PROPERTY FACTS
| Price | $2,650,000 | Building Size | 41,583 SF |
| Price Per Room | $34,416 | No. Rooms | 77 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2012 |
| Property Subtype | Hotel | Parking Ratio | 2.6/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.94 AC | ||
| Zoning | H-1 | ||
| Price | $2,650,000 |
| Price Per Room | $34,416 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.94 AC |
| Building Size | 41,583 SF |
| No. Rooms | 77 |
| No. Stories | 3 |
| Year Built | 2012 |
| Parking Ratio | 2.6/1,000 SF |
| Corridor | Interior |
| Zoning | H-1 |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 8 | $214.00 | - |
| Guest Room | 69 | $143.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 82-46-00150 | Improvements Assessment | $1,375,385 |
| Land Assessment | $141,550 | Total Assessment | $1,516,935 |
PROPERTY TAXES
Parcel Number
82-46-00150
Land Assessment
$141,550
Improvements Assessment
$1,375,385
Total Assessment
$1,516,935
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The Watford Hotel | 810 3rd Ave sw
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