Market Position and Strategic Asset Management Lead to Successful Disposition
Legendary Capital, a leading hotel asset investment management firm, recently announced the successful sales of the Hampton Inn in Fargo, ND, and the Home2 Suites by Hilton in Prattville, AL. The transactions, which closed in December 2025, marked net gains on the firm’s original investments.
The Hampton Inn Fargo, originally acquired in 2022, was sold for $10.5 million on December 17, 2025. Built in 2011, the 90-room property is in a prime location near the Sanford Medical Center, one of the largest medical hubs in the region. Fargo’s hotel market remains resilient, bolstered by stable demand drivers such as healthcare, higher education and consistent year-round regional events. The metro continues to benefit from low unemployment and business expansion.
The Home2 Suites by Hilton Prattville, acquired in 2019, sold for $16.7 million on December 30, 2025. Built in 2016 with 90 rooms, the hotel is positioned just north of Montgomery in a high-traffic retail corridor with convenient interstate access. Prattville is part of a growing submarket that continues to see healthy demand from military, state government, and regional travel. The Montgomery-Prattville area is home to Maxwell Air Force Base, multiple state government offices, and corporate offices, contributing to steady hotel performance and extended-stay demand.
“Fargo and Prattville have been strong performers, with the Hampton Inn significantly outperforming our NOI targets and the Home2 Suites maintaining consistent stability through shifting market cycles,” said Alec Worwa, Senior Vice President at Legendary Capital. “Despite our continued belief in these submarkets, we saw an opportunity to exit at an attractive valuation. Selling now allows us to lock in gains and avoid significant future capital requirements, ultimately delivering a strong result for our shareholders.”
About Legendary Capital
Headquartered in Fargo, North Dakota, Legendary Capital aims to be an industry leader in the hospitality sector. Through its affiliated entities, Legendary Capital has acquired more than 35 hotels in its portfolio, primarily targeting 80-to-200 room limited-service, select-service, full-service and extended-stay hotels in America’s heartland.
Check out our portfolio here.