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23324542
23324543

3333 13th Ave S, Fargo, ND 58103

JR
ND 10032, MN MN 40583288 (+4)
Marcus & Millichap - Minneapolis
WC
UT UT: 8559097-SA00, ID SP42047
KW Utah Realtors Keller Williams
Listed by Marcus & Millichap - Minneapolis, KW Utah Realtors Keller Williams
$6,000,000
400 days on market
Updated 76 days ago

Bank Owned - Ramada by Wyndham Fargo

Details
Property Type Hospitality
Sub Type Hotel
Keys 172
Occupancy 46.7%
Broker Co-Op Yes
Year Built 1981
Ownership Fee Simple
Sale Condition Bank owned foreclosure

Hospitality | 172 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 fee simple interest in the Ramada by Wyndham in Fargo, North Dakota, offering a prime investment opportunity in the state’s largest and fastest-growing city. This 172-room property is strategically located near North Dakota State University, major healthcare facilities, and Fargo’s key business districts, positioning it well to capture demand from both business and leisure travelers. The hotel features extensive meeting and event space, ideal for corporate events, conferences, and social gatherings, which bolsters its appeal to group bookings. Guests enjoy a range of amenities, including an on-site restaurant, fitness facilities, and ample parking, making it particularly attractive for extended stays and business travel. Fargo’s economy continues to expand, driven by strong healthcare, technology, and retail sectors, creating a stable demand base for the hospitality industry. Recognized as one of the top small cities for business, Fargo’s ongoing growth enhances the Ramada’s revenue potential. As part of the Wyndham brand, the property benefits from high brand recognition and access to Wyndham’s global distribution and loyalty program, further driving occupancy and positioning it for long-term success.

Investment highlights

  • Listed at $6 million, representing 1.78x gross revenue multiplier

  • 3 Story - Interrior Corridor Property

  • Prime Fargo Location - Near major demand drivers, including NDSU, healthcare centers, and corporate offices

  • 10,000+ Sq. Ft. of Meeting Space - Ideal for conferences, events, and group bookings

  • Growing Market - Positioned to benefit from Fargo’s expanding healthcare, tech, and education sectors

Listing Contacts

JR
ND 10032, MN MN 40583288 (+4)
Marcus & Millichap - Minneapolis
WC
UT UT: 8559097-SA00, ID SP42047
KW Utah Realtors Keller Williams
Listed by Marcus & Millichap - Minneapolis, KW Utah Realtors Keller Williams

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Additional Information

Name
Jon Ruzicka
License
ND 10032
Brokerage
Marcus & Millichap
Brokerage Phone
952-852-9700
Title
Broker of Record
Brokerage Address
1601 Utica Ave S Suite 301, Minneapolis, MN 55416
Name
Jon Ruzicka
License
10032
Brokerage
Marcus & Millichap
Title
Real Estate Broker
Brokerage Address
1601 Utica Ave. South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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