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Off Market
1/11

3009 W Russell St
Sioux Falls, SD 57107


HIGHLIGHTS

  • Priced Significantly Below Replacement Cost at $28,678 per Key
  • 87-Room, Exterior Corridor, Economy Hotel
  • Located in Sioux Falls, South Dakota
  • 99 Percent RevPAR Index Compared to the Competitive Set
  • Operational Upside for Prospective Hands-On Owner-Operator Investor
  • Property Recently Underwent $900K PIP Injection

OVERVIEW

Property Overview: Motel 6 Sioux Falls is a G6 Hospitality-branded property that was built in 1974. There are two floors with 87 rooms spread throughout the hotel. Each guest room features a flat-screen television. The common amenities include a coin laundry facility. Location Overview: Sioux Falls, South Dakota is located on the southeast border of the state, and tourism in the state is a revenue-generating industry that contributes to supporting the region’s economy. The Motel 6 Sioux Falls is located at 3009 West Russell Street and near many room demand generators. In 2020 the state had 12.6 million visitors and through the summer months, it was ranked third in the country for domestic bookings. The visitor traffic generated $2.6 billion in gross domestic product or 4.7 percent of the state’s economy. Additional industries that have made headway include the Sioux Falls-based Coaxis Energy Co which added a business based in Nebraska to its portfolio. This acquisition helps increase the geographic footprint and enhance the energy supply. Leisure traveler’s top attraction is Falls Park which is 123 acres decorated with observation towers and Sioux Falls’ oldest buildings. Broker of Record Jon Ruzicka License: 17724

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

STATUS

Converted

BUILDING DETAILS

PROPERTY NAME

Sioux Falls Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

34762

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

150

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

52

APN/PARCEL ID

53505