Bank Owned - Ramada by Wyndham Bismarck
Hospitality | 141 Keys
Marketing description
Marcus & Millichap Real Estate Investment Services, as Correspondent Broker of Record for KW Utah Realtors Keller Williams Commercial is pleased to present the leasehold interest in the Ramada by Wyndham in Bismarck, North Dakota. The property features 141 guest rooms across two interior corridors and is situated on a spacious 6.04 acre parcel. Conveniently located just off Exit 159 at the intersection of Interstate 94 and State Highway 83 in central Bismarck, the hotel offers excellent accessibility and visibility.
The Ramada Bismarck provides over 10,000 square feet of flexible meeting space, ideal for hosting events, weddings, and business gatherings, making it a valuable asset for both business and leisure travel markets. Additionally, the property features the 701 @ Ramada restaurant, which offers guests a delightful breakfast experience and a relaxed, casual dining atmosphere.
Investment highlights
Ideal Property for Opportunistic Owner Operator - Offered at 1.13x GRM
Priced Well Below Replacement Cost at $22,695 per Room
Bismarck is the Capital of North Dakota and the Second Most Populous City in the State
Bismarck is Home to Two Universities and a College: Bismarck State College, North Dakota University, and University of Mary
Bismarck Acts as the Medical Hub of North Dakota, with Two Major Hospitals Totaling over 500 Beds including Sanford Health and CHI State Alexis Bismarck Medical Center
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