My Place Hotel

1612 Discovery Circle, Rapid City, SD, USA
Download Spec Sheet
  • Total Available Space: 29,203 sq. ft.
  • Building Size: 29,203 sq. ft.
  • Lot Size: 2.06 acres
  • Year Built: 2015
  • Sale Price: $4,500,000

Property Features

  • 64 rooms
  • Building size: 29,203 sq. ft.
  • Lot size: 2.06 acres
  • Year built: 2015
  • Paved, on-site parking spaces
  • YTD 2021 ADR: $97.33
  • YTD 2021 occupancy: 70%
  • 2021 projected revenue: $1,500,000
  • 2021 REV Par: $68.39
  • Cap rate: 11%

Pricing

  • Price: $4,500,000 ($70,312.50/key)
  • 2020 Real estate taxes: $56,264
  • Financials available upon request

Location

  • Located in Rapid City, SD, just off I-90
  • Nearby attractions include: WaTiki Indoor Waterpark, Mount Rushmore, Terry Peak, Mickelson Trail, Sturgis

Property Brokers