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Ramada by Wyndham Sioux Falls Airport 1301 W Russell St 150 Room Hotel Sioux Falls, SD 57104 $16,500,000 ($110,000/Room) 12% Cap Rate
Executive Summary
Price per Room: This price includes the restaurant, waterpark, casino, arcade, etc. - $110,000
Revenue PAR: $84.10 YTD
ADR: $142.23 YTD
Price/sq. ft.: $133.39
Real Estate Taxes: $172,061
Ramada Worldwide Inc - Franchise Agreement Expires 7-10-2034
# of Rooms: 150
Occupancy: 59.10% - STR - YTD
Year Built: 1962/1995
Boston’s Restaurant: ROI Hospitality Management Co.
Revenue PAR: $84.10 YTD
ADR: $142.23 YTD
Price/sq. ft.: $133.39
Real Estate Taxes: $172,061
Ramada Worldwide Inc - Franchise Agreement Expires 7-10-2034
# of Rooms: 150
Occupancy: 59.10% - STR - YTD
Year Built: 1962/1995
Boston’s Restaurant: ROI Hospitality Management Co.
Property Facts
| Price | $16,500,000 | Lot Size | 7.03 AC |
| Price Per Room | $110,000 | Building Size | 123,701 SF |
| Sale Type | Investment | No. Rooms | 150 |
| Cap Rate | 12% | No. Stories | 2 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1962/2004 |
| Property Type | Hospitality | Parking Ratio | 2.72/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | ||
| Zoning | FP;FP | ||
| Price | $16,500,000 |
| Price Per Room | $110,000 |
| Sale Type | Investment |
| Cap Rate | 12% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.03 AC |
| Building Size | 123,701 SF |
| No. Rooms | 150 |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2004 |
| Parking Ratio | 2.72/1,000 SF |
| Corridor | Interior |
| Zoning | FP;FP |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Shuttle Service
- On-Site Retail
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 50 | $331.00 | - |
| Guest Room | 100 | $154.00 | - |
1 1
Property Taxes
| Parcel Number | 24659 | Improvements Assessment | $9,064,100 |
| Land Assessment | $985,500 | Total Assessment | $10,049,600 |
Property Taxes
Parcel Number
24659
Land Assessment
$985,500
Improvements Assessment
$9,064,100
Total Assessment
$10,049,600
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Ramada by Wyndham Sioux Falls Airport | 1301 W Russell St
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