Zipper Enterprises Inc Sells Cobblestone Hotel & Suites In Killdeer For $4 Million

The property involved in this transaction is the Cobblestone Hotel & Suites Killdeer, located at 158 Rodeo Dr, Killdeer, ND. The hotel comprises 44 rooms and includes an additional eight-unit apartment property. The sale price for this asset was $4,000,000, resulting in a price per key of $90,909.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $4,000,000
• Address: 158 Rodeo Dr
• Market: Killdeer, ND
• Seller: Zipper Enterprises, Inc
• Brokerage Firm: Marcus & Millichap
• Brokers Involved: Jake Erickson, Jared Plamann, Jon Ruzicka, Joseph Ferguson & Reed Gizinski
• Keys: 44
• PPK: $90,909

The sale was supported by $3.4 million in acquisition financing, which was arranged by Marcus & Millichap Capital Corporation, indicating an active involvement of the brokerage firm beyond the sale itself.