CBRE Hotels is offering the opportunity to acquire the fee-simple interest in the 110-room Hilton Garden Inn Fargo, a highly rated hotel located in the fastest growing business, retail and entertainment district in Fargo, North Dakota. RevPAR at the hotel is $104 and has increased 20% over the last year.
With an excellent location northwest of the Interstate 94/Interstate 29 interchange, the hotel offers guests convenient accessibility to Hector International Airport, Downtown Fargo, West Acres Mall, North Dakota State University, Red River Zoo, and the Fargodome.
The full-service, premium branded hotel offers a competitive advantage over neighboring hotels, with its uniquely large meeting space, alongside standard Hilton Garden Inn amenities. The hotel boasts over 14,000 square feet of meeting space, with a grand ballroom that can accommodate up to 952 people. The hotel also features an indoor swimming and hot tub, fitness center, full-service restaurant, and ample parking. The Hilton Garden Inn is ideally offered unencumbered of management.
The city of Fargo is the largest community in North Dakota, with the city of Moorhead bordering it along the Minnesota side of the Red River; both provide excellent regional access, as the cities are situated at the crossing point of Interstate 94 and Interstate 29. The diversified economy includes education, technology and a rapidly expanding healthcare industry. Top employers include Microsoft, Sanford Health, North Dakota State University, Noridian/Blue Cross Blue Shield, Essentia Health, Case Corporation, and Caterpillar. Additionally, the Fargo-Moorhead area is home to the corporate headquarters for American Crystal Sugar, Bell State Bank & Trust, Border States, RDO Equipment Co., DMI Industries, Bobcat, and Butler Machinery.
- Excellent Location in the Heart of the Fargo Business District
- Strong RevPAR of $104
- Completion of PIP will Generate Revenue Growth
- Meeting/Banquet Space Offers Competitive Advantage
- Offered Well-Below Replacement Cost
- Premium Brand Affiliation with Hilton
- Unencumbered by Management
- Excess Land Available for Potential Development
- Stable Market with Diverse Demand Generators
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