121 Well St Williston, ND 58801

Listing agency Sunbelt Hotel Brokers LLC

Listed by Jere Allen · License #Tx 0587057

Source Crexi

Added: Apr 12 Updated: Jul 21 at 7:39PM Checked: Jul 21 at 7:39PM

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Investment Insights

Based on property information with market context.

Fee simple interest is offered in a lender-owned, third-party managed WoodSpring hotel with 248 rooms in Williston, North Dakota. The offering is presented as discounted relative to replacement cost.

Public remarks indicate the property is proximate and readily accessible to regional demand, including Haliburton, Sun Well Service, GE Oil & Gas, and Isco industries. The Williston market is described as continuing to diversify, with referenced activity supporting drilling levels and related services.

Remarks also cite crude pricing and increased regional drilling activity, with rig count increasing to 23 by December 2021 (a 77% increase from the prior year). Additional development mentioned includes a Crilon plan for a $2.8 billion gas and liquid conversion facility in Williams County, continued unmanned aircraft systems development, and a referenced $1.9 billion cryptocurrency factory.

Key Highlights

• Fee simple interest in a lender‑owned, third‑party managed WoodSpring hotel in Williston, North Dakota
• 248‑room hotel offered as fee simple interest
• WIT crude price hovering around $100, supporting increased drilling activity in the region

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FAQs

What type of property is this?

Hotel - Fee simple interest in a 248-room, third-party managed WoodSpring hotel in Williston, North Dakota.

Where is this hotel located?

The property is located at 121 Well St Williston, ND.

What are key features of this property?

This property features: Fee simple interest in a lender‑owned, third‑party managed WoodSpring hotel in Williston, North Dakota; 248‑room hotel offered as fee simple interest; WIT crude price hovering around $100, supporting increased drilling activity in the region