Comfort Inn & Suites Deadwood
PRICE REDUCED 500K: Fairfield Conversion Opportunity - High ADR Market - Casino Gaming Revenue
Marketing description
Marcus & Millichap is pleased to present this exclusive offering of the Comfort Inn & Suites – Deadwood, South Dakota, a 69-key, three-story, interior-corridor hotel built in 2000 and renovated in 2019. This turnkey, Choice-branded asset is owned by out-of-state absentee owners and offers significant operational upside, evidenced by a trailing 12-month RevPAR of 59%, further enhanced by the recent addition of on-site casino gaming.
The property is conveniently located just off US-85, benefiting from over 10,000 vehicles per day, and is situated on a large 3 acre lot in historic Deadwood. The asset features 30 casino machines in operation, with an additional 30 approved machines pending installation. Additional on-site amenities include a restaurant and bar, arcade and gambling, providing multiple revenue streams and compelling upside potential.
Investment highlights
- 3 Story Turnkey Choice Branded Hotel
- Fairfield by MARRIOTT Conversion Opportunity- OFFERED UNENCUMBERED OF MANAGEMENT & FRANCHISE
- Out of State Absentee Owners
- Value Add Opportunity- Trailing 12 Month REVPAR at only 57% Index.
- Conveniently located off U.S 85 with more than 10,000 Vehicles Per Day
- 3 Acre Lot
- 30 Casino Machines In Operation, 30 Additional Approved- Pending Installation.
- Restaurant/ Bar, Arcade & Gambling on-site.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
