Four More Motels in Williston -- The Bakken, North Dakota, USA

Link here.

It’s a town of 15,000 people and growing with an industry that’s also growing rapidly, but there’s very little infrastructure to support the growth,” says Art Cahoon, chairman & CEO of Nakota Development, which has two Value Place properties under construction (opening in July) and two more in development in Williston. It’s also working on the development of a 470-unit apartment building in the area.

Nakota is one of the lucky (or shrewd) developers that was able to wrap up land sites before the boom economy took hold. “We figured it was most important to secure the scarce resource—the land—and then proceed in developing the hotels and finding the right flags,” says Cahoon. The firm is building two Value Place hotels side by side at each site, with 124 rooms (the chain’s standard prototype) in each hotel. “We picked Value Place because of its operating model and because the profile and amenities match the workers who will be staying there.”