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Super 8 Spearfish 440 Heritage Dr 60 Room Hotel Spearfish, SD 57783 $3,350,208 CAD ($55,837 CAD/Room) 5.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Attractive Pricing – Offered at a 2.41x room revenue multiplier, presenting excellent value relative to income potential
- Significant upside potential through hands-on management and strategic expense reduction
- Interstate Visibility – Prime location off I-90 ensures strong highway exposure and accessibility for transient guests
- Strong Room Revenue – 2024 room revenue of ~$1,000,000 underscores consistent demand and revenue stability
- Tourism-Driven Market – Benefits from proximity to the Black Hills, Mount Rushmore, Deadwood, and Spearfish Canyon
- Franchise Strength – Backed by Super 8 by Wyndham, one of the world’s most recognized and trusted economy brands
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $3,350,208 CAD | Lot Size | 2.03 AC |
| Price Per Room | $55,837 CAD | Building Size | 43,322 SF |
| Sale Type | Investment | No. Rooms | 60 |
| Cap Rate | 5.92% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1977/2022 |
| Property Subtype | Hotel | Parking Ratio | 0.87/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | Commercial - Hospitality | ||
| Price | $3,350,208 CAD |
| Price Per Room | $55,837 CAD |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.03 AC |
| Building Size | 43,322 SF |
| No. Rooms | 60 |
| No. Stories | 3 |
| Year Built/Renovated | 1977/2022 |
| Parking Ratio | 0.87/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - Hospitality |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 12 | $173.09 CAD | - |
| Guest Room | 48 | $94.92 CAD | - |
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PROPERTY TAXES
| Parcel Number | 32210-19000-000-01 | Improvements Assessment | $1,591,058 CAD |
| Land Assessment | $467,589 CAD | Total Assessment | $2,058,647 CAD |
PROPERTY TAXES
Parcel Number
32210-19000-000-01
Land Assessment
$467,589 CAD
Improvements Assessment
$1,591,058 CAD
Total Assessment
$2,058,647 CAD
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Super 8 Spearfish | 440 Heritage Dr
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