Welcome Suites
Minot, ND

PROPERTY SUMMARY

Opportunity 

• Unique opportunity to purchase the closed Welcome Suites Extended Stay Hotel in Minot, North Dakota

• January of 2024, the hotel sustained significant water damage due to a broken pipe on the 3rd floor. All damage was successfully remediated; see pictures in the data vault. The hotel has been closed since

• Currently zoned General Commercial, the City is open to entertaining a change to mixed-use with a path to converting part of the building to Multi-Family housing with the ground level having a commercial component

• Fee-simple interest in the 64-key Welcome Suites (Previously the My Place Hotel)

• Part of the March 9th auction event on RealINSIGHT Marketplace

• Available unencumbered by debt or management

• Significant potential for conversion to a new use or reopening as a hotel after remodel

Location

• Easily accessible from U.S. Route 83, with high visibility and an estimated 24,000 vehicles passing daily

• Strategically positioned near major corporate demand, including logistics and service-based employers supporting the Bakken oil region, regional energy operations led by firms like Hess Corporation, and Minot Air Force Base, supporting over 12,800 military personnel and dependents

• Surrounded by strong healthcare demand, anchored by Trinity Health’s brand-new regional medical campus, multiple specialty clinics, and the recently opened Trinity Hospital, a $560 million dollar facility with 590,000 square feet and 228 beds

• Situated close to top leisure attractions, including the North Dakota State Fairgrounds, Roosevelt Park Zoo, and the Scandinavian Heritage Park, a 14-acre cultural site featuring historic buildings and monuments that draw thousands of annual visitors

• Served by Minot International Airport (MOT), accommodating over 350,000 passengers annually with direct flights from Delta, United, and Allegiant

Suzanna Farley Aldrich

Associate

406.478.3010

saldrich@paramountlodging.com