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Cobblestone Inn and Suites of Steele, ND

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Property Overview

Timm & Associates, Inc. has been exclusively selected to represent the ownership in the sale of the Cobblestone Inn and Suites of Steele, ND. Built in 2014, this is the first time this property has been offered for sale. the hotel has visibility from both Highway 3 and Interstate 94, Steele is located off Interstate 94, between Jamestown and Bismarck. Demand generators include corporate demand such as TA/Shell Travel Plaza, BEK Communication, Kidder County Communication Health center, and Zimmerman’s Manufacturing, as well as leisure demand such as: World’s Largest Sandhill Crane, bird watching and year round hunting and fishing.

Property Details

Price: $1,750,000
Address: 623 Mitchell Avenue North Steele, ND 52732
Rooms: 31
Brand: Cobblestone Inn and Suites
Franchise: Cobblestone
Area: Central North Dakota
Type: Limited Service
Investment Highlights

• Interstate 94 hotel located between Jamestown & Bismarck
• 2022 room revenue up over 17% from 2021 room revenue
• Profitable hotel with high cash on cash return

Property Photo Gallery

Hotel Lobby 45
Front Desk and Breakfast Area 1
Breakfast Area 24
Beer and Wine Bar 9
Breakfast Seating 13
Business Center 16
Convenience Store 10
Single King Guestroom 60
Double Queen Guestroom 56
Single King Whirlpool Suite 15
Extended Stay Suite Kitchen 5
Extended Stay Suite Livingroom 4

Request More Information

To request more information on this property, please complete a confidentiality agreement. All inquiries must be made through Timm & Associates, Inc. Interested buyers are not allowed to visit or contact the property or its management directly.

Confidentiality Agreement

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