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Research Monthly report

North Dakota hotel market update, July 2026

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

  • North Dakota

North Dakota hotels ran 55.03% occupancy at a $111.54 ADR over the last twelve months, RevPAR +0.51%. 1 hotel sold.

North Dakota's hotel market for July 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

55.03%

ADR, trailing 12 months

$111.54

RevPAR, trailing 12 months

$61.38

+0.51% year over year

Performance

Across every North Dakota hotel, the trailing twelve months averaged 55.03% occupancy, a $111.54 ADR and $61.38 RevPAR, with RevPAR +0.51% on the year before.

ScaleT-12 OccT-12 ADRT-12 RevPARRevPAR, year over year
All hotels55.03%$111.54$61.38+0.51%
Upper Midscale60.73%$129.70$78.77+0.74%
Midscale & Economy49.52%$92.41$45.76-0.50%
ADR and RevPAR by scale, trailing 12 months
$0$50$100$150All hotelsUpper MidscaleMidscale & EconomyAll hotels · ADR: $111.54Upper Midscale · ADR: $129.70Midscale & Economy · ADR: $92.41All hotels · RevPAR: $61.38Upper Midscale · RevPAR: $78.77Midscale & Economy · RevPAR: $45.76$111.54$129.70$92.41$61.38$78.77$45.76$0$50$100$150All hotelsUpper MidscaleMidscale &EconomyAll hotels · ADR: $111.54Upper Midscale · ADR: $129.70Midscale & Economy · ADR: $92.41All hotels · RevPAR: $61.38Upper Midscale · RevPAR: $78.77Midscale & Economy · RevPAR: $45.76$111.54$129.70$92.41$61.38$78.77$45.76

Source: STR, one-month reporting lag

ADRRevPAR
All hotels$111.54$61.38
Upper Midscale$129.70$78.77
Midscale & Economy$92.41$45.76
RevPAR change by scale
-0.5%-0.25%0%0.25%0.5%0.75%All hotelsUpper MidscaleMidscale & EconomyAll hotels · Trailing 12 months: 0.51%Upper Midscale · Trailing 12 months: 0.74%Midscale & Economy · Trailing 12 months: -0.50%0.51%0.74%-0.50%-0.5%0%0.5%1%All hotelsUpper MidscaleMidscale &EconomyAll hotels · Trailing 12 months: 0.51%Upper Midscale · Trailing 12 months: 0.74%Midscale & Economy · Trailing 12 months: -0.50%0.51%0.74%-0.50%

Source: STR, one-month reporting lag

Trailing 12 months
All hotels0.51%
Upper Midscale0.74%
Midscale & Economy-0.50%

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

RevPAR by month, 2025 and 2026
$0$20$40$60$80$100JanFebMarAprMayJunJulAugSepOctNovDecJan · 2025: $46.0Feb · 2025: $50.1Mar · 2025: $52.3Apr · 2025: $55.2May · 2025: $62.7Jun · 2025: $73.0Jul · 2025: $82.7Aug · 2025: $71.5Sep · 2025: $72.3Oct · 2025: $68.6Nov · 2025: $52.0Dec · 2025: $40.9Jan · 2026: $47.7Feb · 2026: $51.8Mar · 2026: $51.8Apr · 2026: $53.1May · 2026: $66.4Jun · 2026: $79.1$0$25$50$75$100JanMarMayJulSepNovJan · 2025: $46.0Feb · 2025: $50.1Mar · 2025: $52.3Apr · 2025: $55.2May · 2025: $62.7Jun · 2025: $73.0Jul · 2025: $82.7Aug · 2025: $71.5Sep · 2025: $72.3Oct · 2025: $68.6Nov · 2025: $52.0Dec · 2025: $40.9Jan · 2026: $47.7Feb · 2026: $51.8Mar · 2026: $51.8Apr · 2026: $53.1May · 2026: $66.4Jun · 2026: $79.1

values read from the CoStar chart in the original email

Source: CoStar, as of July 28, 2026

20252026
Jan$46.0$47.7
Feb$50.1$51.8
Mar$52.3$51.8
Apr$55.2$53.1
May$62.7$66.4
Jun$73.0$79.1
Jul$82.7
Aug$71.5
Sep$72.3
Oct$68.6
Nov$52.0
Dec$40.9

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

Sales

HotelCityPriceNote
Surestay BismarckBismarck$3,550,000

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

RateAs of August 3, 2026
Prime rate6.75%
10-year Treasury4.692%
5-year Treasury4.403%

New developments

This month's new hotels and sales
BismarckNorth DakotaBismarckNorth Dakota

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

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