Hotel-Motel
AmericInn Lodge and Suites Madison South Dakota
504 10th St SE, Madison, SD 57042
Listing Price: $1,995,000
Investment Overview
Marcus & Millichap is proud to have been chosen as exclusive advisor and broker in regard to the marketing effort of the Americinn in Madison, South Dakota. This is a 2003 build 38 room hotel that has gone through recent renovations including a new roof. The hotel is being offered well below 3x Room Revenue and a Cap Rate of 13%. This property has consistently been a top performer in its market, with a visually appealing two story lobby, comfortable rooms with nearly 50 percent of them being suites, wide hallways and an indoor pool. This hotel boasts historical consistent room revenue above $800,000 which is impressive given that it is only 38 rooms. It also ranks #1 on Tripadvisor in terms of Guest Satisfaction. The hotel is located directly off of Highway 34 in plain view for anyone traveling from Sioux Falls. Madison South Dakota is home to Dakota University, Lake Herman State Park and Lake Madison. The community is known as a thriving vacation, travel destination as well as a strong mix of college students and college related guests. The college attracts guests from all over the state for sports activities, graduations, visitors, and many more.
AmericInn Lodge and Suites Madison South Dakota
Investment Highlights
- Historical Revenue in Excess of $800,000
- 38 Rooms Built In 2003 Including Porte Cochere and Indoor Pool
- Recent Upgrades Throughout with Most Recent PIP Completion Occurring in 2018
- Highly Visible Location Directly off of Highway 34 Within an Hour of Sioux Falls
- Leisure Destination with Central Proximity to Sioux Falls, Brookings and Mitchell
- Ideal Room Mix Including Suite Availability
- Thriving Community Home to Dakota State University and Lake Herman State Park
- Consistent #1 Tripadvisor Ranking in Madison
Hotel-Motel
AmericInn Lodge and Suites Madison South Dakota
Listing Price: $1,995,000
Investment Highlights
- Historical Revenue in Excess of $800,000
- 38 Rooms Built In 2003 Including Porte Cochere and Indoor Pool
- Recent Upgrades Throughout with Most Recent PIP Completion Occurring in 2018
- Highly Visible Location Directly off of Highway 34 Within an Hour of Sioux Falls
- Leisure Destination with Central Proximity to Sioux Falls, Brookings and Mitchell
- Ideal Room Mix Including Suite Availability
- Thriving Community Home to Dakota State University and Lake Herman State Park
- Consistent #1 Tripadvisor Ranking in Madison
Investment Overview
Marcus & Millichap is proud to have been chosen as exclusive advisor and broker in regard to the marketing effort of the Americinn in Madison, South Dakota. This is a 2003 build 38 room hotel that has gone through recent renovations including a new roof. The hotel is being offered well below 3x Room Revenue and a Cap Rate of 13%. This property has consistently been a top performer in its market, with a visually appealing two story lobby, comfortable rooms with nearly 50 percent of them being suites, wide hallways and an indoor pool. This hotel boasts historical consistent room revenue above $800,000 which is impressive given that it is only 38 rooms. It also ranks #1 on Tripadvisor in terms of Guest Satisfaction. The hotel is located directly off of Highway 34 in plain view for anyone traveling from Sioux Falls. Madison South Dakota is home to Dakota University, Lake Herman State Park and Lake Madison. The community is known as a thriving vacation, travel destination as well as a strong mix of college students and college related guests. The college attracts guests from all over the state for sports activities, graduations, visitors, and many more.
