Red Rock River Resort 603 N River St 17 Room Hotel Hot Springs, SD 57747 $2,391,441 CAD ($140,673 CAD/Room)

Historic Boutique Resort, Event Venue & Wellness Destination
An Exceptional Hospitality Investment Opportunity in Hot Springs, South Dakota

Historic destination properties with existing hospitality infrastructure rarely become available in the Black Hills. Red Rock River Resort offers the opportunity to acquire an operating hospitality campus in the heart of Hot Springs, South Dakota, a community experiencing renewed interest as a wellness, recreation, and destination travel hub.
Originally constructed in 1891, this remarkable sandstone landmark sits along the river in the heart of historic Hot Springs, once nationally known as **"The Carlsbad of America"** for its natural mineral springs, wellness culture, and elegant resort hotels.
Today, Hot Springs is experiencing a remarkable resurgence. Significant investment in downtown revitalization, the beautifully restored River Walk, the continued success of Moccasin Springs Natural Mineral Spa, year-round tourism, and growing interest in experiential travel are bringing new energy to this historic community. Visitors come to relax, reconnect, and experience one of the Black Hills' most authentic destinations.
Red Rock River Resort offers the rare opportunity to acquire an operating hospitality property while continuing its transformation into a premier boutique destination.
## Existing Improvements
The property currently includes:
• 17 guest accommodations, including a desirable two-bedroom apartment
• Large event center accommodating approximately 250 guests
• Four guest rooms connected directly to the event center
• Commercial kitchen and dining facilities
• Spa and wellness amenities including a hot sand room, granite room, soaking tub room, and massage rooms
• Retail/commercial space suitable for boutique shops, cafés, galleries, or guest services
• Historic sandstone architecture that simply cannot be replicated today
## Multiple Revenue Opportunities
The property's flexible design supports numerous business models including:
• Boutique hotel
• Destination spa and wellness retreat
• Weddings and special events
• Corporate retreats
• Family reunions
• Restaurant and destination dining
• Boutique retail
• Wellness programming
• Retreat experiences
• Seasonal tourism packages
• Group tours
## Why This Opportunity Stands Apart
• Historic 1891 sandstone landmark
• Existing hospitality infrastructure
• Established event venue
• Built-in wellness amenities
• Multiple potential revenue streams
• Prime location within the Southern Black Hills tourism corridor
• Significant value-add and redevelopment potential
• A destination property with authentic history and character
A Vision for the Future
Imagine welcoming guests for a weekend that combines luxury lodging, spa treatments, exceptional dining, boutique shopping, evening cocktails in a restored basement speakeasy, live entertainment, and unforgettable days exploring the Southern Black Hills.
Picture a destination where guests arrive for a wedding, return for an anniversary getaway, attend a wellness retreat, or spend a long weekend enjoying the natural mineral springs, nearby national parks, and outdoor recreation. Red Rock River Resort has the foundation to become a place visitors return to year after year.
Few properties possess both the historic character and physical layout necessary to create this type of immersive destination experience.
## Why Hot Springs?
Hot Springs offers a rare combination of history, wellness, recreation, and small-town charm while remaining close to some of western South Dakota's most recognizable attractions.
Nearby attractions include:
• Wind Cave National Park
• Custer State Park
• The Mammoth Site
• Evans Plunge Mineral Springs
• Moccasin Springs Natural Mineral Spa
• Angostura Reservoir
• Scenic drives, hiking, fishing, kayaking, golfing, wildlife viewing, and year-round outdoor recreation
Known as **"The Carlsbad of America,"** Hot Springs has welcomed travelers seeking relaxation and healing for more than a century. Today, the city is once again becoming a destination for wellness tourism, boutique lodging, and authentic Black Hills experiences. Continued investment in downtown revitalization, the River Walk, local restaurants, shopping, and tourism has positioned the community for continued growth.
Ideal Ownership Opportunities
Red Rock River Resort offers exceptional flexibility for a variety of hospitality and investment strategies.
Ideal for:
• Boutique hotel operators
• Hospitality investors
• Wellness and spa operators
• Wedding and event venue owners
• Restaurant entrepreneurs
• Retreat operators
• Destination resort developers
• Family offices seeking legacy investments
• 1031 Exchange buyers seeking an income-producing commercial property with significant upside
With existing lodging, event facilities, wellness amenities, commercial kitchen space, retail opportunities, and redevelopment potential, Red Rock River Resort provides a foundation that would take years and substantially more capital to recreate today.
Investment Opportunity
Whether preserving its legacy as a historic resort or transforming it into a modern boutique hospitality destination, Red Rock River Resort offers investors the opportunity to own a landmark property with multiple revenue streams and exceptional long-term upside.
This is more than a hotel.
It is an opportunity to restore a historic destination, create unforgettable guest experiences, and become part of the continued revitalization of one of South Dakota's most unique communities.
Learn More
Read the full story and vision for Red Rock River Resort:
https://www.hillsrealestateteam.com/blog/103/Red+Rock+River+Resort%3A+A+Historic+Destination+Reimagined+in+Hot+Springs%2C+South+Dakota
Experience everything Hot Springs has to offer:
https://www.youtube.com/watch?v=JmBmN_lrZ8Y