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Lender Directed Sale - 91-Room LaQuinta Inn & Suites

Listing was updated at: 06/10/2019
Lender Directed Sale - 91-Room LaQuinta Inn & Suites Lender Directed Sale - 91-Room LaQuinta Inn & Suites Lender Directed Sale - 91-Room LaQuinta Inn & Suites Lender Directed Sale - 91-Room LaQuinta Inn & Suites Lender Directed Sale - 91-Room LaQuinta Inn & Suites Lender Directed Sale - 91-Room LaQuinta Inn & Suites Lender Directed Sale - 91-Room LaQuinta Inn & Suites Lender Directed Sale - 91-Room LaQuinta Inn & Suites Lender Directed Sale - 91-Room LaQuinta Inn & Suites

Property Overview

Price/Rent PSF Inquire
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 62,944
Date Available 06/10/2019
Additional URL Link
Floors 4
Additional parameters Show
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Description

Location
Common amenities include: indoor pool with slide and hot tub, fitness room, business center, guest laundry area, and a continental breakfast area. Great highway location, on the southern end of Minot with close proximity to many dining, shopping, entertainment, local attractions, and major businesses.

Sale
Hilco Real Estate is pleased to announce the opportunity for investors to acquire this beautiful 91-Room LaQuinta Inn & Suites in Minot, North Dakota. As this is a Lender Directed Sale, we invite all investors to participate in the sale by submitting their best and final offer. The property was newly constructed in 2012 at a cost of over $9,100,000 ($100,000/room). The 2017 gross room revenue reached $1,025,000, with a projected 2018 gross room revenue of $1,150,000.

Located across the street from Trinity Health – an under construction, 6-story 970,000 SF regional health care center scheduled to open in 2020

Location

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