Listed by Oxford Realty
$1,850,000
Award-Winning 45-Key Branded Hotel
Details
APN 44111500005003
Property Type Hospitality
Sub Type Motel
Square Footage 17,688
Units 1
Cap Rate 4.38%
NOI $81,097
Year Built 1988
Year Renovated 1999, 2012, 2014, 2015
Buildings 1
Stories 2
Lot Size (SqFt) 78,260
Branded 45-key hotel with proven operating history
Marketing description
The Econo Lodge of Grand Forks is a 45-key limited-service hotel and a multiple Choice Hotels Gold Award recipient. Renovated in 2015, the property features updated guest rooms, new FF&E, plumbing improvements, and hardwood flooring throughout.
The hotel offers 34 double queen rooms, 5 king rooms, and 6 suites on a 1.79-acre site with additional land for overflow parking or future development. Ideally located near the University of North Dakota, Ralph Engelstad Arena, Alerus Center, and Grand Forks International Airport, the property is well positioned to serve business, leisure, and event-driven travel.
Investment highlights
- 45-key limited-service hotel
- Multiple Choice Hotels Gold Award recipient
- Comprehensive renovation completed in 2015
- Approximately 1.79-acre site
- Additional land available for overflow parking or future development
- Strong visibility and convenient access to major Grand Forks destinations
- National franchise affiliation with Choice Hotels
Listing Contacts
Listed by Oxford Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$81,097.00
$6,758.08/mo
Valuation Metrics
0
DSCR
4.38%
Cap Rate
4.38%
ROI
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