Research Monthly report
North Dakota hotel market update, April 2026
- North Dakota
North Dakota hotels ran 55.38% occupancy at a $108.66 ADR over the last twelve months, RevPAR -1.69%. 2 hotels sold.
North Dakota's hotel market for April 2026: how hotels performed, what sold, where rates stand and what is being built. For a closer look at a specific market or hotel, ask for a report.
Occupancy, trailing 12 months
55.38%
ADR, trailing 12 months
$108.66
RevPAR, trailing 12 months
$60.18
-1.69% year over year
Performance
Across every North Dakota hotel, the trailing twelve months averaged 55.38% occupancy, a $108.66 ADR and $60.18 RevPAR, with RevPAR -1.69% on the year before.
| Scale | T-12 Occ | T-12 ADR | T-12 RevPAR | RevPAR, year over year |
|---|---|---|---|---|
| All hotels | 55.38% | $108.66 | $60.18 | -1.69% |
| Upper Midscale | 60.96% | $128.18 | $78.14 | -2.19% |
| Midscale & Economy | 49.68% | $89.89 | $44.66 | -3.08% |
Month by month, North Dakota RevPAR in 2026 against 2025, through March:
All figures are from STR and run a month behind. For a specific market or scale, reach out.
Sales
| Hotel | City | Price | Note |
|---|---|---|---|
| Courtyard Fargo | Fargo | - | Part of a 10-hotel portfolio |
| LaQuinta Inn & Suites Fargo | Fargo | $5,900,000 |
Sale prices come from public records and may not include capital allocated to FF&E or goodwill. Want to know more about one of these sales? Get in touch.
Capital markets
| Rate | As of April 30, 2026 |
|---|---|
| Prime rate | 6.75% |
| 10-year Treasury | 4.396% |
| 5-year Treasury | 4.032% |
New developments
Boundaries, roads and water: U.S. Census Bureau (TIGER/Line).
Another 7 hotels have been proposed. Call or email to learn more about any of them.
Tools
- Full hotel underwriting and waterfall model. Download the Excel model free. Questions or changes you'd recommend are welcome.
- A report on your hotel or market. Ask for one and we'll be in touch.
Thinking about what your hotel would sell for? Request a valuation.