2315 N Broadway

Description

THE PROPERTY OWNER HAS DECIDED TO REOPEN THIS HOTEL DUE TO THE MARKET CHANGE. The seller raised the price to align with the investment to update and reopen the hotel. 2315 North Broadway has everything needed to offer a full service, hotel experience for your guests. The hotel includes 170 Guest Rooms, a Swimming Pool, a Restaurant/Bar & Grill, a Convention Center, and Meeting Rooms on a large plot of land in Minot, ND. The building has had many updates including windows, roofing, rooftop HVAC units and the boiler for the heating system. The hotel had been open for guest room rental for the past couple of years but was closed in January of 2024. The Swimming Pool, Restaurant/Bar & Grill, Convention Center, and Meeting Rooms have not been utilized by this owner for the past few years. The improvements to the hotel will be completed in the next couple of months. Now would be a good time to check into this property. This can be a great opportunity to step into this project at the right price to build equity by systematically improving the position of the property in the hospitality industry.