702 Highway 16a, Keystone, SD 57751

$3,420,000

Property Description

SUPER 8 BY WYNDHAM KEYSTONE/MT RUSHMORE. Proudly Presenting the closest Hotel to Mt Rushmore National Memorial in the Beautiful Black Hills of South Dakota! First time offered for sale since these owner bought It in 2007. This Hospitality listing has three stories, currently 42 rooms, and offers services including breakfast/lounge area, ice, vending machines and laundry. Lots of upgrades over the last couple of years – see property information packet for a list of them. In spite of not having enough employees to run at full capacity in 2021 They still had their highest yearly revenue thanks to the raised ADR. The Pool/Hot tub area is not currently in use. Could be re-instated as such or better use might be to convert it into 3 or 4 more rooms for additional revenue. Could not be replaced at this price. This section of Hwy 16A has the highest traffic count in the whole Black Hills during the summer tourist season and Keystone is the busiest summer tourist town in the Black Hills. One of a kind opportunity! Could not be replaced near this price. lot value between 1.5 and 1.9 mil and rooms 100,000 - 110,000 value new build. 5.7 Mil to 6.5 Mil to replace.

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Listing courtesy of Lewis Realty/Keller Williams Realty Black Hills.