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Old 11-02-2014, 03:49 PM
 
Location: Michissippi
3,116 posts, read 6,994,707 times
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Is it just me, or has Fargo seen a huge increase in the amount of hotel development over the past year or two? The town's not near the oil patch, so what's driving it?
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Old 11-08-2014, 11:33 AM
 
174 posts, read 330,133 times
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Fargo gets big name concerts and NDSU plays football at a level that has them on ESPN's radar. That alone is enough to drive it since it means visitors and money from all over the state/US.
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Old 11-08-2014, 07:27 PM
 
741 posts, read 1,489,004 times
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The whole state has had a big increase in hotel rooms and new hotels have been built all over the state, even in small towns like Bottineau, Rugby, and Harvey away from the oil patch.

Fargo's is not driven by the Fargodome or football. Hotels aren't built for 10-14 nights a year, but for 365. The need for shopping in western ND probably causes a big increase in hotel demand. More people are traveling to Fargo on business too. A hotel that only has weekend business is one that will be bankrupt.

The chains and developers that build these hotels know the demand and where it is coming from.
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Old 11-14-2014, 07:53 PM
 
Location: Williston, ND
65 posts, read 95,795 times
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Lots of Canadians go the Grand Forks and Fargo to shop. This also puts pressure on hotel vacancy rates.
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Old 12-28-2014, 11:47 AM
 
147 posts, read 380,449 times
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Cheap $$ rates driving construction before anticipated rate increase next year due to Feds. They need to be careful & not create ruinous competition with overbuilding.
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