Welcome Suites Minot | Value-Add Hospitality or Mixed-Use Opportunity

Highlights:

• Fee-simple interest in the closed 64-key Welcome Suites (formerly My Place Hotel)
• Offered unencumbered by debt or management
• Unique value-add opportunity to acquire a closed extended-stay property with significant upside through renovation, rebranding, or conversion to an alternative use
• In January 2024, the property sustained water damage due to a broken pipe on the third floor; all damage has been fully remediated, and the hotel has remained closed since (see photos in data vault)
• Currently zoned General Commercial; the City of Minot is open to a zoning change to mixed-use, providing a clear path to a partial multifamily conversion with ground-level commercial space
• Excellent accessibility and visibility along U.S. Route 83, with approximately 24,000 vehicles passing daily

Description:

Ri Marketplace Online Auction March 9th-11th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3016/welcome-suites-minot-value-add-hospitality-or-mixed-use-opportunity?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_3016

Paramount Lodging Advisors, in conjunction with RealINSIGHT Marketplace, has been retained to offer for sale the fee simple interest in the closed 64-key Welcome Suites. Located in Minot ND, the regional center for North – Central North Dakota. This offering represents a unique opportunity to acquire a closed extended-stay property with multiple repositioning paths. New ownership may elect to reopen the hotel following a remodel, with several potential franchise options (some offering key money), or pursue a conversion to an alternative use, including a mixed-use commercial and multifamily concept.

Strategically positioned near a diverse mix of demand drivers, the property benefits from proximity to Bakken-region energy, logistics, and service employers, as well as Minot Air Force Base, which supports over 12,800 military personnel and dependents. Additional demand is generated by the area’s strong healthcare presence, anchored by Trinity Health’s newly developed regional medical campus, including the $560 million Trinity Hospital (590,000 square feet, 228 beds) and surrounding specialty clinics. The location is further enhanced by nearby leisure and community attractions such as the North Dakota State Fairgrounds, Roosevelt Park Zoo, and Scandinavian Heritage Park, along with convenient access to Minot International Airport (MOT), which serves more than 350,000 passengers annually with direct flights from Delta, United, and Allegiant.

Property Tours
Property tours are available on Monday, February 23rd and Tuesday, February 24th by appointment only. Please reach out to Suzannna Aldrich, saldrich@paramountlodging.com | (406) 478-3010, to schedule.


Cary M. Aasness
c/o Fisher Auction Company Inc.
License: 503
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Documents: