Hotel-Motel
Ramada
115 Swanzey St, Keystone, SD 57751
Listing Price: $8,200,000
Investment Overview
Marcus & Millichap is pleased to offer this recently remodeled 90-Room Interior Corridor Hotel. Hotel has a Restaurant with a Renewed Lease Bringing in Steady Income that Flows Through to the Net Operating Income. Hotel PIP was Recently Completed in 2019 and the Hotel Has a Lot of Recent Upgrades. Upside on Revenue by Keeping The Hotel Open More Than 7 Months Each Year. Employee Housing included with Sale that Allows Hotel to Attract International H2-B Workers.
Ramada
Investment Highlights
- 90 Room Interior Corridor Hotel
- Offered at an Attractive Cap Rate of 10.60%
- Can Purhase the Nearby Baymont Inn as part of a Portfolio Totaling 244 Rooms
- Hotel Operates for Only 7 Months Each Year. Upside on Revenue if Kept Open Longer.
- Hotel Comes with Nearby Site and Building Used For and Rented by Hotel Employees
- Hotel Comes with an ATV
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $8,200,000
Investment Highlights
- 90 Room Interior Corridor Hotel
- Offered at an Attractive Cap Rate of 10.60%
- Can Purhase the Nearby Baymont Inn as part of a Portfolio Totaling 244 Rooms
- Hotel Operates for Only 7 Months Each Year. Upside on Revenue if Kept Open Longer.
- Hotel Comes with Nearby Site and Building Used For and Rented by Hotel Employees
- Hotel Comes with an ATV
Investment Overview
Marcus & Millichap is pleased to offer this recently remodeled 90-Room Interior Corridor Hotel. Hotel has a Restaurant with a Renewed Lease Bringing in Steady Income that Flows Through to the Net Operating Income. Hotel PIP was Recently Completed in 2019 and the Hotel Has a Lot of Recent Upgrades. Upside on Revenue by Keeping The Hotel Open More Than 7 Months Each Year. Employee Housing included with Sale that Allows Hotel to Attract International H2-B Workers.
Exclusively Listed By
Broker of Record
Financing By
