This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Ramada by Wyndham Sioux Falls Airport 1301 W Russell St

150 Room Hotel Sioux Falls, SD 57104 £13,035,165 (£86,901/Room) 12% Net Initial Yield

Executive Summary

Price per Room: This price includes the restaurant, waterpark, casino, arcade, etc. - $110,000
Revenue PAR: $84.10 YTD
ADR: $142.23 YTD
Price/sq. ft.: $133.39
Real Estate Taxes: $172,061
Ramada Worldwide Inc - Franchise Agreement Expires 7-10-2034
# of Rooms: 150
Occupancy: 59.10% - STR - YTD
Year Built: 1962/1995
Boston’s Restaurant: ROI Hospitality Management Co.

Property Facts

Price £13,035,165
Price Per Room £86,901
Sale Type Investment
Net Initial Yield 12%
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 7.03 AC
Building Size 123,701 SF
No. Rooms 150
Number of Floors 2
Year Built/Renovated 1962/2004
Parking Ratio 2.72/1,000 SF
Corridor Interior

Amenities

  • Business Centre
  • Fitness Centre
  • Pool
  • Restaurant
  • Room Service
  • Shuttle Service
  • On-Site Retail
  • High Speed Internet Access
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wi-Fi
  • Smoke-Free
  • Hot Tub
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 50 £168.27 -
Guest Room 100 £116.92 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24659
Land Assessment
£778,555
Improvements Assessment
£388,448
Total Assessment
£1,167,003

zoning

Zoning Code FP;FP
FP;FP
  • Listing ID: 33640087

  • Date on Market: 25/10/2024

  • Last Updated:

  • Address: 1301 W Russell St, Sioux Falls, SD 57104

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}