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Red Rock River Resort 603 N River St 15 Room Hotel Hot Springs, SD 57747 $1,760,000 ($117,333/Room)
Investment Highlights
- Multi-Stream Hospitality Asset: lodging + events + wellness/spa potential
- Event Center Capacity up to 250 Guests (weddings, corporate events, reunions, private functions) with 4 attached suites
- Spa & Wellness Area with hot sand room, granite room, hot soaking tub room & massage rooms
- 11 Guest Accommodations including a two-bedroom apartment
- Full Kitchen + Dedicated Dining Room supports retreats, group stays & catered operations and liquor license
- Historic 1891 Sandstone Building with strong destination-style appeal
Executive Summary
Red Rock River Resort is a rare opportunity to acquire a multi-use hospitality property in Hot Springs, SD with multiple revenue-stream potential. The resort includes 11 guest accommodations (including a two-bedroom apartment), a full kitchen, and a dedicated dining room, liquor license, short-term lodging, group stays, and retreat operations.
A key value driver is the event center with capacity for up to 250 guests, ideal for weddings, corporate events, reunions, and private functions. The event center also includes three attached bedrooms, providing additional lodging for event-weekend packages, VIP guests, or staff accommodations.
The property features a unique spa and wellness area with a hot sand room, granite room, hot soaking tub room, and massage rooms, creating strong potential to expand high-margin wellness offerings and elevate the guest experience.
Built in 1891, the historic sandstone character provides a compelling foundation for repositioning and creating a destination-style experience. This is a standout hospitality asset with lodging, event, and wellness infrastructure already in place—ready for its next chapter.
A key value driver is the event center with capacity for up to 250 guests, ideal for weddings, corporate events, reunions, and private functions. The event center also includes three attached bedrooms, providing additional lodging for event-weekend packages, VIP guests, or staff accommodations.
The property features a unique spa and wellness area with a hot sand room, granite room, hot soaking tub room, and massage rooms, creating strong potential to expand high-margin wellness offerings and elevate the guest experience.
Built in 1891, the historic sandstone character provides a compelling foundation for repositioning and creating a destination-style experience. This is a standout hospitality asset with lodging, event, and wellness infrastructure already in place—ready for its next chapter.
Property Facts
Amenities
- Restaurant
- Spa
- Meeting Event Space
- Wedding Venue
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $145.00 | - |
| Guest Room | 10 | $135.00 | - |
Property Taxes
| Parcel Number | 75520-05600-026-00 | Improvements Assessment | $715,200 |
| Land Assessment | $51,482 | Total Assessment | $766,682 |
Property Taxes
Parcel Number
75520-05600-026-00
Land Assessment
$51,482
Improvements Assessment
$715,200
Total Assessment
$766,682
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Red Rock River Resort | 603 N River St
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