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Hotel-Motel

Ramada

115 Swanzey St, Keystone, SD 57751

Listing Price: $8,200,000

Cap Rate
10.60%
Number of Rooms
90
RevPAR
$99
Gross SF
47,479
Price/Room
$91,111
RRM
4.30
Price/Gross SF
$172.71
Year Built
1992

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.

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) SD: 17724

    South Dakota

Financing By

Listing Price: $8,200,000

Cap Rate
10.60%
Number of Rooms
90
RevPAR
$99
Gross SF
47,479
Price/Room
$91,111
RRM
4.30
Price/Gross SF
$172.71
Year Built
1992

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

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): SD: 17724

    South Dakota

Financing By

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