El Rancho Hotel - LoopNet · 2019-06-21 · El Rancho features a beautifully appointed lobby,...
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El Rancho Hotel 1623 2nd Avenue West, Williston, ND 58801
Transcript of El Rancho Hotel - LoopNet · 2019-06-21 · El Rancho features a beautifully appointed lobby,...
El Rancho Hotel
1623 2nd Avenue West, Williston, ND 58801
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PROPERTY SUMMARY
Project: El Rancho Hotel
Address: 1623 2nd Avenue West, Williston, ND
Parcel Folio Number: 01-180-00-10-20-200 01-180-00-10-21-000
Land Area: 2.93 Acres
Building SF: +/- 52,767 SF
Unit Mix: 92 Lodging Units Combined 1 and 2-story hotel 2 separate structures
– Main structure is 2-stories and includes the
Williston Brewing Company, lobby, and 32 guest rooms (Rooms Renovated in 2017)
– Second structure is an “L-shaped” two-story with 60 rooms.
Sleeping Rooms (type): 52 Queen/Queen 31 Kings 8 Singles (1 Queen bed)
Onsite Parking: 150+ spaces, including ample handicap spaces.
Demographics (ESRI): 3-Mile Population: 31,983 5-Mile Population: 34,202 3-Mile Average HH Income: $95,342
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PROPERTY SUMMARY
The El Rancho Hotel is located at the intersection of 2nd Avenue West (main artery of
traffic in Williston, ND) and 18th Street West. It is one mile Southeast of the Sloulin Field
International Airport, with restaurants, gas stations and other local businesses also
nearby. El Rancho has excellent frontage on US Route 2B/2nd Avenue West and has easy
access to and from US Route’s 2 and 85.
El Rancho features a beautifully appointed lobby, pantry, shop, fitness room, business
center, guest laundry and complimentary high-speed internet, as well as the Williston
Brewing Company (WBC) restaurant and lounge (#1 of 50 per Trip Advisor) adjoining the
main hotel building. The WBC leases the 12,000 square feet space NNN and is the
ownership is part of a larger restaurant group based in Texas with more than 35
restaurants.
Current ownership has completed capital improvement projects that include:
• Room renovation – In 2017, ownership invested more than $375,000 to overhaul 32 of
the hotel’s premium rooms to gain a local marketing & operating advantage, and to have
the best quality product in the market. The scope included new carpet, paint, tile,
fixtures, furniture, new drapes, resurface countertops and bathroom upgrades.
• Parking Lot – New asphalt paving throughout the property in 2019
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MAPS and PHOTOS
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TRAFFIC COUNTS
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CAPITAL IMPROVEMENTS
El Rancho Hotel
Capital Improvement Summary
Description Amount Year
New fiber optic line that feeds perimeter building In Process 2019
Parking lot asphalt replacement 375,000.00 2019
Boiler & install inside upstairs 7,200.00 2018
Water heater for inside rooms 4,783.00 2018
Room Renovations (all rooms in main building) 387,000.00 2017
New DVR & install 2,912.00 2017
Replace door at N end of main hallway 3,126.00 2017
132 and 133 replace a/c units 4,530.00 2017
Boiler & install inside upstairs 3,900.00 2015
3 Boilers & Install 34,113.00 2013
Ice machine by 134 6,500.00 2013
9 a/c units 14,780.00 2013
Repair all 92 door locks 12,082.40 2013
Masonry on new fireplace in lobby 5,400.00 2013
2 new a/c units coils & handlers 128 & 228 7,184.66 2013
Replacement dryer in laundry 4,840.68 2013
2 washers & 2 dryers for new guest laundry 3,199.30 2013
Total 876,551.04
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PROPERTY TAX SUMMARY
Tax Parcel Property Information (FINAL 2018)
Address 1623 2nd Avenue West, Williston, Williams County, ND
APN 01-180-00-10-20-200 01-180-00-10-21-000
Land Market Value 503,600 30,900
Building Market Value 4,118,300 25,000
Total Parcel Market Value 4,621,900 55,900
Final 2018 Mill Rate 198.02 198.02
Total 2018 Taxes 45,761.43 553.47
Specials 614.63 186.69
Total Property Tax Before Early Payment Discount 46,376.06 740.16
Lot Description
Ferndale Subdivision L 1 THRU 7
& 12 THRU 18 PLUS N 50'
VACATED ALLEY
Ferndale Subdivision L 10 - 11
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DEMOGRAPHICS
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DEMOGRAPHICS
