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Rodeway Inn Rapid City 1313 N Lacrosse St

37 Room Hotel Rapid City, SD 57701 £1,499,100 (£40,516/Room)

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Investment Highlights

Great Location
16.75% Cap Rate

37 Keys in The Black Hills

Executive Summary

37 Room property located off of Interstate 90. In the popular Rapid City, South Dakota, a gateway to the Black Hills. Lots of upgrades have been but into this property which attributes to a increasing revenue along with a influx of tourist to the increasing popularity of the Black Hills area. 16.75% Cap Rate

Offering Memorandum

Property Facts

Price	£1,499,100	Building Size	17,421 SF
Price Per Room	£40,516	No. Rooms	37
Sale Type	Investment	Number of Floors	2
Property Type	Hospitality	Year Built/Renovated	1979/2012
Property Subtype	Hotel	Parking Ratio	2.07/1,000 SF
Building Class	C	Corridor	Interior
Lot Size	1.00 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,499,100
Price Per Room	£40,516
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	1.00 AC
Building Size	17,421 SF
No. Rooms	37
Number of Floors	2
Year Built/Renovated	1979/2012
Parking Ratio	2.07/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.