Super 8 by Wyndham
Interior Corridor | 16.15% CAP | 37 Keys | Priced Less than 3X GRR
Marketing description
Jigar "Jay" Desai of NewGen Advisory is proud to present for sale the Super 8 by Wyndham - Devils Lake, ND. This economy-class, two-story hotel comprises 15,031 SF on a 1.34-acre lot and was built in 1978 with a full renovation completed in 2013. The property has 37 guest rooms and is zoned “C,” making it suitable for continued hospitality use or potentially adaptive redevelopment. Positioned just off Highway 2, the hotel offers strong visibility and convenient access to key demand generators like Spirit Lake Casino, area heritage sites, and Devils Lake’s recreation offerings.
Guests enjoy standard amenities including free WiFi, complimentary continental breakfast, an indoor heated pool and hot tub, 24-hour front desk service, and complimentary parking. Its central location and branded status with Wyndham position the property as a solid investment opportunity, especially for an owner-operator or investor seeking a value tier lodging property in the Devils Lake market.
Investment highlights
Asset has steady YOY revenue
Priced less than 3x GRR
Manager’s quarters on-site
Absentee Managed: Offering on-site owner/operator to decrease costs and increase revenues
Financing available to qualified buyers (SBA 7A, SBA 504, Conventional)
Minimal Competition: Only Wyndham property in town
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