Sonesta Essential

3420 S Broadway, Minot, ND 58701

  • For Sale $3,900,000
  • Property Type Other
  • Property Size 109,719 SF
  • Lot Size 2.52 Acre
  • Year Built 2012
  • Date Updated Jun 25, 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

Contacts

broker
Dale Zomer

NAI Sioux Falls

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Bike Score ®

    40/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Little Caesars

    0.06 miles

  • Pizza Ranch

    0.17 miles

  • McDonald's

    0.24 miles

  • Buffalo Wild Wings

    0.29 miles

  • Culver's

    0.30 miles

  • Subway

    0.33 miles

  • Denny's

    0.49 miles

  • Buffalo Wings & Rings

    0.74 miles

  • Hardee's

    0.78 miles

  • Perkins

    0.80 miles

  • Edison School

    1.21 miles

  • Minot High School

    2.00 miles

  • Sunnyside School

    2.42 miles

  • Perkett School

    2.48 miles

  • Northwest Bible College

    2.54 miles

  • McKinley School

    2.95 miles

  • Roosevelt School

    3.19 miles

  • Longfellow School

    3.21 miles

  • Little Flower School

    3.24 miles

  • Minot State University

    3.30 miles

Frequently Asked Questions

How much does Sonesta Essential cost?

The space currently listed for sale at Sonesta Essential asks for $3,900,000.

What is the total square footage of Sonesta Essential?

Sonesta Essential totals 109,719 square feet.

When was this property built?

Sonesta Essential was built in 2012.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Dale Zomer

NAI Sioux Falls

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