3420 S Broadway Minot, ND 58701

Building Details

Year Built

2012

Listing agency NAI Sioux Falls d***@naisiouxfalls.com Show Phone

Listed by Dale Zomer · License #16458 Show Phone

Source Siouxfallscommercial

Added: Nov 21, 2025 Updated: Jul 6 at 8:29AM Checked: May 8 at 8:03PM

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Investment Insights

Based on property information with market context.

The property features 102 rooms and parking spaces. It was converted from Choice to Sonesta Essential in 2023. The average revenue for the past two years is $1,072,000, with a projected revenue of $1.3 million for 2025 due to newly signed Skywest contracts. The average revenue for the past three years is $1,028,000. The average EBITDA for the past two years is $315,000. The Gross Rent Multiplier (GRM) is 3.40Xs, and the Average Daily Rate (ADR) is $67.59. The capitalization rate is 8.5%. Buyer's estimated Property Improvement Plan (PIP) is $500,000.

Key Highlights

• Projected 2025 Revenue of $1.3 million with newly signed Skywest contracts.
• High Cap Rate of 8.5%.
• Substantial 2‑year average EBITDA of $315,000.

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FAQs

What type of property is this?

Hotel - 102-room hotel with signed Skywest contracts and parking spaces.

Where is this hotel located?

The property is located at 3420 S Broadway Minot, ND.

What is the asking price?

The asking price for this property is $3,900,000.

What are key features of this property?

This property features: Projected 2025 Revenue of $1.3 million with newly signed Skywest contracts.; High Cap Rate of 8.5%.; Substantial 2‑year average EBITDA of $315,000.