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Property Detail

14th Avenue South
Property tours are available by appointment only on 11/21. Please contact the broker to schedule.
$700,000
Manufacturer: https://www.cbre.com/

Description

  • Property tours are available by appointment only on 11/21. Please contact the broker to schedule.
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  • The Days Inn by Wyndham Fargo has superior location to capture transient demand for those exiting Interstate 29 at Exit 64 a mile away.
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  • 3 miles south of Downtown Fargo, a vibrant hub of activity, offering a mix of historic architecture, trendy shops, and a thriving dining scene.
  • 3431 14th Avenue South presents the market with a rare opportunity to acquire an economy hotel, possessing 74 rooms in Fargo, North Dakota.
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  • Prominent opportunity to acquire a fee-simple Wyndham asset with ample amenities and value-add upside unencumbered by management.
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  • Positioned with direct proximity to a diverse set of leading demand drivers including medical facilities, education institutions, and top employers.

Executive Summary

CBRE Hotels, as the owner's sole and exclusive agent, has been retained to offer for sale the fee-simple interest in the 74-room Days Inn by Wyndham located in Fargo, North Dakota. The hotel is directly off the area’s main transportation artery, Interstate 29, and proximate to the city’s leading demand generators.

The hotel is conveniently accessible off Interstate 29 at 13th Avenue S Exit 64, providing guests with access to a diverse mix of attractions throughout the surrounding area. It is located one hour south of Grand Forks, North Dakota, and three and a half hours northwest of Minneapolis, Minnesota.

Fargo, North Dakota, is a vibrant city with a strong economy, offering a unique blend of urban amenities and Midwestern charm. As a regional hub for education and business, Fargo attracts a steady stream of visitors and residents. The city’s growing healthcare sector, led by Sanford Health, a renowned medical center, draws patients and medical professionals from across the region. Additionally, Fargo’s North Dakota State University, a prominent institution, contributes to a thriving educational environment and attracts students and faculty. The city’s strong agricultural industry and growing technology sector provide a diverse economy and job opportunities. Fargo’s strategic location, robust economy, and high quality of life make it an attractive destination for businesses and investors seeking opportunities in healthcare, education, agriculture, and technology.

To further enhance its market appeal, the Days Inn by Wyndham Fargo is surrounded by a mix of demand drivers that contribute to additional revenue generation. These include medical facilities, educational institutions, leading local employers, leisure attractions, and retail shopping centers. Notable attractions in the area include North Dakota State University, Hector International Airport, Sanford South University Medical Center, Sanford Medical Center, and West Acres Mall. This diverse mix of businesses and institutions provides a steady flow of both tourists and locals, creating a strong market for hospitality, retail, and other related industries.
The proposed sale does not include the franchise agreement and any continuing operations as Days Inns Worldwide, Inc. ® will require, and is contingent upon, the approval of and a separate agreement with Days Inns Worldwide, Inc.
Property tours are available by appointment only on 11/21. Please contact the broker to schedule.

Days Inn By Wyndham Fargo

Listing ID : 00572

SKU: 572

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Price History

DateEventPrice
December 3 2024Listed$700,000.00