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Research Monthly report

North Dakota hotel market update, August 2026

Reed Gizinski · hotel broker, Ruzicka Hotel Team at Marcus & Millichap

  • North Dakota

North Dakota hotels ran 55.70% occupancy at a $111.86 ADR over the last twelve months, RevPAR +2.85%.

North Dakota's hotel market for August 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

55.70%

ADR, trailing 12 months

$111.86

RevPAR, trailing 12 months

$62.30

+2.85% year over year

Performance

Across every North Dakota hotel, the trailing twelve months averaged 55.70% occupancy, a $111.86 ADR and $62.30 RevPAR, with RevPAR +2.85% on the year before.

ScaleT-12 OccT-12 ADRT-12 RevPARRevPAR, year over year
All hotels55.70%$111.86$62.30+2.85%
Upper Midscale60.63%$129.93$78.78+2.22%
Midscale & Economy49.64%$93.29$46.31+1.45%
ADR and RevPAR by scale, trailing 12 months
$0$50$100$150All hotelsUpper MidscaleMidscale & EconomyAll hotels · ADR: $111.86Upper Midscale · ADR: $129.93Midscale & Economy · ADR: $93.29All hotels · RevPAR: $62.30Upper Midscale · RevPAR: $78.78Midscale & Economy · RevPAR: $46.31$111.86$129.93$93.29$62.30$78.78$46.31$0$50$100$150All hotelsUpper MidscaleMidscale &EconomyAll hotels · ADR: $111.86Upper Midscale · ADR: $129.93Midscale & Economy · ADR: $93.29All hotels · RevPAR: $62.30Upper Midscale · RevPAR: $78.78Midscale & Economy · RevPAR: $46.31$111.86$129.93$93.29$62.30$78.78$46.31

Source: STR, one-month reporting lag

ADRRevPAR
All hotels$111.86$62.30
Upper Midscale$129.93$78.78
Midscale & Economy$93.29$46.31
RevPAR change by scale
0%1%2%3%All hotelsUpper MidscaleMidscale & EconomyAll hotels · Trailing 12 months: 2.85%Upper Midscale · Trailing 12 months: 2.22%Midscale & Economy · Trailing 12 months: 1.45%2.85%2.22%1.45%0%1%2%3%All hotelsUpper MidscaleMidscale &EconomyAll hotels · Trailing 12 months: 2.85%Upper Midscale · Trailing 12 months: 2.22%Midscale & Economy · Trailing 12 months: 1.45%2.85%2.22%1.45%

Source: STR, one-month reporting lag

Trailing 12 months
All hotels2.85%
Upper Midscale2.22%
Midscale & Economy1.45%

Month by month, North Dakota RevPAR in 2026 against 2025, through July:

RevPAR by month, 2025 and 2026
$0$20$40$60$80$100JanFebMarAprMayJunJulAugSepOctNovDecJan · 2025: $46.0Feb · 2025: $50.1Mar · 2025: $52.5Apr · 2025: $55.3May · 2025: $62.4Jun · 2025: $72.6Jul · 2025: $82.2Aug · 2025: $71.1Sep · 2025: $72.2Oct · 2025: $69.3Nov · 2025: $52.7Dec · 2025: $41.5Jan · 2026: $48.2Feb · 2026: $52.6Mar · 2026: $52.6Apr · 2026: $53.7May · 2026: $66.7Jun · 2026: $78.8Jul · 2026: $90.1$0$25$50$75$100JanMarMayJulSepNovJan · 2025: $46.0Feb · 2025: $50.1Mar · 2025: $52.5Apr · 2025: $55.3May · 2025: $62.4Jun · 2025: $72.6Jul · 2025: $82.2Aug · 2025: $71.1Sep · 2025: $72.2Oct · 2025: $69.3Nov · 2025: $52.7Dec · 2025: $41.5Jan · 2026: $48.2Feb · 2026: $52.6Mar · 2026: $52.6Apr · 2026: $53.7May · 2026: $66.7Jun · 2026: $78.8Jul · 2026: $90.1

values read from the CoStar chart in the original email

Source: CoStar, as of August 31, 2026

20252026
Jan$46.0$48.2
Feb$50.1$52.6
Mar$52.5$52.6
Apr$55.3$53.7
May$62.4$66.7
Jun$72.6$78.8
Jul$82.2$90.1
Aug$71.1
Sep$72.2
Oct$69.3
Nov$52.7
Dec$41.5

All figures are from STR and run a month behind. For a specific market or scale, reach out.

Sales

No hotel sales were reported in North Dakota this month.

Capital markets

RateAs of August 31, 2026
Prime rate6.75%
10-year Treasury4.76%
5-year Treasury4.50%

New developments

Another 7 hotels have been proposed. Call or email to learn more about any of them.

Tools

Thinking about what your hotel would sell for? Request a valuation.

Request a report on your market Or ask what your hotel is worth

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