Invest in Executive Hotel Studios in North Dakota’s Oil Boom
The oil boom in the Bakken Shale Region in North Dakota and eastern Montana has created a surge in population and a demand for housing the workers, many of whom stay in hotels, campers, homeless shelters, and even their cars. To meet these demands, developers are creating comfortable accommodations for the workers, which also present investment opportunities as well as rental income.
One such development to accommodate workers is the North Dakota Development’s Great American Lodge in Watford City, North Dakota. It is currently under construction with the 204 units on phase 1 already built – due to be fully operational shortly. This is our latest Serviced Hotel Development and will be the first of several projects that North Dakota Developments opens over the next 3 years and will provide an excellent opportunity for property investors to take advantage of the unique situation in the ‘Bakken Oil Field’.
North Dakota Developments uses the latest technology available to produce the highest quality dwellings that meet the highest standards of materials, insulation and energy efficiency at the most affordable price. At the Great American Lodge, each Executive Hotel Studio is $59,950. For fractional ownership of a studio, one can also choose to invest from $30,950 in a 50% fraction providing investors with a lower cost alternative option to taking advantage of the excellent opportunity.
Consider the following when looking into this investment:
Fully serviced workforce accommodation
Up to 42% rental yield in year 1
Average annual rental yield over 10 years of 56%
Strong rental demand - 15,000 oil and service sector workers, and rising
Rental income supported by the world’s largest oil companies including ExxonMobil, Chevron, Halliburton, Hess and BP