1301 Russell StSioux Falls, SD 57104

This exceptional investment opportunity presents a 150-room Ramada by Wyndham hotel in Sioux Falls, South Dakota. Strategically located at the corner of Russell Street and West Avenue, east of the Denny Sanford PREMIER Center and south of the Sioux Falls Airport, this property boasts a prime location with high visibility and accessibility. The hotel, built in 1962 with renovations in 1995, features a total of 123,702 square feet situated on a 7.03-acre lot. The asking price is $16,500,000, representing a compelling price per square foot of $133.39 and a strong 12% capitalization rate. The property's year-to-date average daily rate (ADR) stands at $142.23, with a revenue per available room (RevPAR) of $84.10, and a current occupancy rate of 59.1%. Real estate taxes are $172,061 annually. The included amenities extend beyond the standard hotel offerings, encompassing a restaurant, waterpark, casino, and arcade, contributing to the overall value and revenue streams. The property operates under a Ramada Worldwide Inc. franchise agreement, expiring July 10, 2034, and the ground lease expires July 9, 2034. This turnkey operation offers a significant return on investment for a discerning buyer seeking a well-established hospitality asset in a thriving market. The price includes the restaurant, waterpark, casino, and arcade, resulting in a price per room of $110,000. The hotel is a two-story building.