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Research Monthly report

North Dakota hotel market update, June 2026

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

  • North Dakota

North Dakota hotels ran 55.09% occupancy at a $109.58 ADR over the last twelve months, RevPAR -1.25%. 1 hotel sold.

North Dakota's hotel market for June 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

55.09%

ADR, trailing 12 months

$109.58

RevPAR, trailing 12 months

$60.37

-1.25% year over year

RevPAR, May '26 vs May '25

+5.88%

Upper midscale +9.24%

Performance

Across every North Dakota hotel, the trailing twelve months averaged 55.09% occupancy, a $109.58 ADR and $60.37 RevPAR, with RevPAR -1.25% on the year before.

RevPAR for May '26 was +5.88% against May '25. Upper midscale hotels did best at +9.24%; midscale and economy hotels were at +4.12%.

ScaleT-12 OccT-12 ADRT-12 RevPARRevPAR, year over yearRevPAR, May '26 vs May '25
All hotels55.09%$109.58$60.37-1.25%+5.88%
Upper Midscale60.66%$129.46$78.53-0.63%+9.24%
Midscale & Economy49.47%$90.48$44.76-1.49%+4.12%
ADR and RevPAR by scale, trailing 12 months
$0$50$100$150All hotelsUpper MidscaleMidscale & EconomyAll hotels · ADR: $109.58Upper Midscale · ADR: $129.46Midscale & Economy · ADR: $90.48All hotels · RevPAR: $60.37Upper Midscale · RevPAR: $78.53Midscale & Economy · RevPAR: $44.76$109.58$129.46$90.48$60.37$78.53$44.76$0$50$100$150All hotelsUpper MidscaleMidscale &EconomyAll hotels · ADR: $109.58Upper Midscale · ADR: $129.46Midscale & Economy · ADR: $90.48All hotels · RevPAR: $60.37Upper Midscale · RevPAR: $78.53Midscale & Economy · RevPAR: $44.76$109.58$129.46$90.48$60.37$78.53$44.76

Source: STR, one-month reporting lag

ADRRevPAR
All hotels$109.58$60.37
Upper Midscale$129.46$78.53
Midscale & Economy$90.48$44.76
RevPAR change by scale
-2.5%0%2.5%5%7.5%10%All hotelsUpper MidscaleMidscale & EconomyAll hotels · Trailing 12 months: -1.25%Upper Midscale · Trailing 12 months: -0.63%Midscale & Economy · Trailing 12 months: -1.49%All hotels · May '26 vs. May '25: 5.88%Upper Midscale · May '26 vs. May '25: 9.24%Midscale & Economy · May '26 vs. May '25: 4.12%-1.25%-0.63%-1.49%5.88%9.24%4.12%-5%0%5%10%All hotelsUpper MidscaleMidscale &EconomyAll hotels · Trailing 12 months: -1.25%Upper Midscale · Trailing 12 months: -0.63%Midscale & Economy · Trailing 12 months: -1.49%All hotels · May '26 vs. May '25: 5.88%Upper Midscale · May '26 vs. May '25: 9.24%Midscale & Economy · May '26 vs. May '25: 4.12%-1.25%-0.63%-1.49%5.88%9.24%4.12%

Source: STR, one-month reporting lag

Trailing 12 monthsMay '26 vs. May '25
All hotels-1.25%5.88%
Upper Midscale-0.63%9.24%
Midscale & Economy-1.49%4.12%

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

RevPAR by month, 2025 and 2026
$0$20$40$60$80$100JanFebMarAprMayJunJulAugSepOctNovDecJan · 2025: $45.7Feb · 2025: $49.9Mar · 2025: $52.7Apr · 2025: $55.2May · 2025: $62.5Jun · 2025: $72.2Jul · 2025: $81.3Aug · 2025: $70.5Sep · 2025: $72.1Oct · 2025: $68.5Nov · 2025: $51.8Dec · 2025: $40.9Jan · 2026: $46.9Feb · 2026: $51.1Mar · 2026: $52.0Apr · 2026: $53.3May · 2026: $66.2$0$25$50$75$100JanMarMayJulSepNovJan · 2025: $45.7Feb · 2025: $49.9Mar · 2025: $52.7Apr · 2025: $55.2May · 2025: $62.5Jun · 2025: $72.2Jul · 2025: $81.3Aug · 2025: $70.5Sep · 2025: $72.1Oct · 2025: $68.5Nov · 2025: $51.8Dec · 2025: $40.9Jan · 2026: $46.9Feb · 2026: $51.1Mar · 2026: $52.0Apr · 2026: $53.3May · 2026: $66.2

values read from the CoStar chart in the original email

Source: CoStar, as of July 1, 2026

20252026
Jan$45.7$46.9
Feb$49.9$51.1
Mar$52.7$52.0
Apr$55.2$53.3
May$62.5$66.2
Jun$72.2
Jul$81.3
Aug$70.5
Sep$72.1
Oct$68.5
Nov$51.8
Dec$40.9

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

Sales

HotelCityPriceNote
Quality Inn & Suites MinotMinot$2,150,000

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 June 30, 2026
Prime rate6.75%
10-year Treasury4.461%
5-year Treasury4.223%

New developments

This month's new hotels and sales
MinotNorth DakotaMinotNorth 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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