Hilco Real Estate Announces The Sale Of A Highly Rated Hotel In Minot, North Dakota

NORTHBROOK, Ill., March 3, 2020 /PRNewswire/ -- Hilco Real Estate, LLC announces March 19, 2020 as the offer deadline for the 66-room Noble Inn, an exceptional building that is currently rated by TripAdvisor as the No. 1 hotel in Minot, N.D.

This hotel is conveniently located off I-83, offering easy access to the highway. The Noble Inn is a prestigious independent property built in 2012. It includes an extensive list of amenities, such as a convenience store, business center, conference room, fitness center, dining and breakfast room, and ample parking for vehicles. Additionally, the hotel provides a relaxing outdoor seating area for guests to enjoy, complete with a pavilion, stone courtyard, grills and multiple fireplaces. Also connected to the property is Fox in the Hound's Pub, a cozy bar and grill, adding to the catalog of features available for guests on site.

With over 430 reviews on TripAdvisor, the hotel has earned itself an overall five-star rating and the No. 1 ranking for Minot-area hotels from the website's reviewers. Nearby attractions to Noble Inn include Splash Down Dakota Water Park, Dakota Square Mall, Oak Park Theater, Angelic Gardens, Souris Valley Golf Course, and the North Dakota State Fairgrounds. Two miles northwest of the hotel is central Minot, the fourth largest city in North Dakota with a population of 47,370 people.  Minot State University, the third largest public university in North Dakota, is just 3.5 miles northwest of the hotel. The Minot Air Force Base, home to approximately 13,000 people including military personnel and families, retired personnel, and Department of Defense civilians, is nearby to the property, making it a suitable inn for a multitude of residents and visitors alike.

James Keith, Hilco Real Estate managing director, excited about this opportunity, boasted, "The owner/developer for this site was a talented builder from Minneapolis who did a splendid job completing this exquisite property eight years ago. The hotel's character and uniqueness will lend itself to many repeat customers. One of its greatest amenities is the outdoor gathering area – it's truly a highlight for the property."

Commenting on the desirability of the property, Keith said, "The seller has been approached by multiple top brands offering to franchise the asset, which in turn poses tremendous upside potential for the next owner."

In conclusion, Keith said "Hilco Real Estate has had great success in marketing properties in the Minot, North Dakota area, and we expect this sale to move quickly. Great properties equal great opportunities!"  

The offer deadline is Thursday, March 19 by 5:00 p.m. (CT). Offers must be delivered to the offices of Hilco Real Estate on or before 5:00 p.m. (CT) on the day of the deadline to be considered. Interested buyers can submit their bids via mail to the following address: Hilco Real Estate, 5 Revere Drive, Suite 320, Northbrook, IL 60062, or via email to [email protected]. For further information, please contact James Keith at (270) 304-1020 or [email protected].

For further information on the property, an explanation of the sale process, sale terms or to obtain access to property due diligence documents, please visit HilcoRealEstate.com or call (855) 755-2300.

About Hilco Real Estate
Hilco Real Estate ("HRE"), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.

Media Contact:

Gary Epstein
Hilco Global
Office: (847) 418-2712
Mobile: (847) 323-4943
Email: [email protected]

SOURCE Hilco Real Estate