Sonesta Essential

For Sale

3420 S Broadway, Minot, ND 58701

This Minot property for sale is located at 3420 S Broadway. The current listed sale price for Sonesta Essential is $3,900,000. Sonesta Essential is situated on a lot that is 2.52 acre in size.

Contacts

broker
Dale Zomer

NAI Sioux Falls

Property Details

  • Property Type Other
  • Property Size 109,719 SF
  • Lot Size 2.52 Acre
  • Year Built 2012
  • Date Updated Jul 31, 2025
Hotel is located off of Hwy 83 in Minot, North DakotaBuyer’s estimated PIP - $500K Average 2 year Revenue $1,072,000 2025 Projected Revenue 1.3 million - just signed Skywest contracts 2 year average EBITDA $315,000 2023 year - converted from Choice to Sonesta Essential Cap rate - 8.5% 102 Rooms and parking spaces GRM - 3.40Xs ADR - $67.59 Average 3 year Revenue $1,028,000 Projected 2025 Revenue $1,300,000
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Highlights

  • 102 Rooms and parking spaces
  • 2 year average EBITDA $315,000
  • 2023 year - converted from Choice to Sonesta Essential
  • 2025 Projected Revenue 1.3 million - just signed Skywest contracts
  • ADR - $67.59
  • Average 2 year Revenue $1,072,000
  • Average 3 year Revenue $1,028,000
  • Buyer’s estimated PIP - $500K
  • Cap rate - 8.5%
  • GRM - 3.40Xs
  • Projected 2025 Revenue $1,300,000

Getting around

  • 47/100

    Walk Score ®

  • 40/100

    Bike Score ®

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Location

  • City Minot, ND
  • Zip Code 58701

Points of Interest

  • Minot

    2.58 miles

  • Holiday

    0.17 miles

  • Sinclair

    0.26 miles

  • Arco

    1.10 miles

  • Loaf 'N Jug

    2.40 miles

  • Long Term Parking

    3.81 miles

  • Short Term Parking

    3.88 miles

  • Holiday Inn Express

    0.13 miles

  • Microtel Inn & Suites

    0.17 miles

  • Staybridge Suites

    0.29 miles

  • Wingate

    0.71 miles

  • Sleep Inn

    0.74 miles

  • Kelly Inn

    1.01 miles

  • Expressway Suites

    1.03 miles

  • Motel 6

    1.12 miles

  • Sierra Inn

    1.30 miles

  • Nobel Inn

    1.38 miles

  • Walmart Supercenter

    0.32 miles

  • JCPenney

    0.73 miles

  • Marketplace Foods

    0.88 miles

  • Target

    0.95 miles

  • Gordmans

    1.06 miles

  • Cashwise

    1.09 miles

  • Market Place

    4.44 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Dale Zomer

NAI Sioux Falls

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