Oil boom leads to thriving North Dakota hotel construction environment21 Mar, 2013 By: Elaine Yetzer Simon
|Sleep Inn Grand Forks, N.D.|
North Dakota's Bakken formation has brought thousands of oil workers to the state, and the surge has created a booming hotel construction environment. According to state tourism officials, more than 40 new hotels have opened in North Dakota since 2011 and 39 more are scheduled to open in 2013, according to The Huffington Post.
Information compiled by the North Dakota Division of Tourism shows that about 80 new hotels were built in North Dakota from 2002 to 2012, with slightly more than 50 percent constructed in the last two years, according to The Forum of Fargo-Moorhead.
The building boom isn't confined to the Bakken area, either.
“While many of North Dakota’s new hotel properties opened in the western part of the state," North Dakota Tourism Director Sara Otte Coleman said in a release, "Eleven hotel properties east of U.S. Highway 83 opened in 2012 or will open in 2013.”
Bismarck will add five new hotels in 2013 after adding four in 2012, according to Otte Coleman.
Cobblestone Inn & Suites opened its fourth property in North Dakota this month, and plans to open hotels in Bottineau and Rugby this spring.
There also are three hotels currently under construction in Fargo:
- A Sleep Inn is slated to open April 5. The hotel is owned by Grand Forks-based Northridge Hospitality. The company has also opened Sleep Inns in Grand Forks and Bismarck in the past two years.
- Fargo-based TMI Hospitality plans to open a Residence Inn in May and a Comfort Suites in June. The company operates 179 properties in 25 states and has eight under construction, including the two in Fargo.
One of the new hotels in the state, the 70-room Shut Eye Hotel in Alexander, is a modular, steel structure designed to go up in 90 days, and when no longer needed, be disassembled just as quickly, leaving no imprint on the environment, according to Meetings Focus. It opened at the end of January.
The Shut Eye Hotel is a bolted-together building with type of floating floor that requires no pavement or concrete instead of being built on a traditional foundation. Banyan Investment Group partnered with Proteus On-Demand to build the hotel.
The increased selection of hotels should benefit the larger tourism industry, as well. More than 17 million people visited the state in 2012, according to an annual report from North Dakota Tourism, adding $4.8 billion to the local economy.
Topic : Construction, North Dakota
External Source : Hotel Management
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