HTR Black Hills
127-Site RV Park, Glamping and Cabin Resort in the Black Hills of South Dakota
Marketing description
Please contact Bob Kaplan for more information: 520-271-2304 / [email protected]
NO SELLER FINANCING OR “CREATIVE FINANCING” - NO PACE MORBY OR SUBTO COMMUNITY CALLERS
HTR Black Hills offers an excellent opportunity to purchase an extremely well located RV Park and Lodging property in the dynamic Black Hills of South Dakota market. The property lies between Rapid City and Mount Rushmore, nestled in a pine forest with a spacious layout of 127 units and over 28,000 SF of improvements spread over 35.47 acres. The offering has 25 Cabins, 11 Safari tents, a store and commercial kitchen as well as an extensive array of amenities, including heated pool, jump pad, playground, basketball court, mini golf and much more.
Recent extensive capital improvements, including upgrades and expansion projects from the past 3 years, are now taking effect and increasing the occupancy and bottom line with income growth last year of 13% and advanced reservations up 17% year over year, pointing to healthy income growth in 2026. Additional demand is anticipated from the high travel expected this summer with the 250th anniversary of the United States and through reopening the commercial kitchen.
The property offers a compelling investment opportunity based on a multiple of gross rent, replacement cost, upward trending income stream and extensive recent capital improvements and excellent location.
Investment highlights
- Premier Black Hills Tourism Location: Centrally positioned near Mount Rushmore, multiple national and state parks, and major demand drivers including the Sturgis Motorcycle Rally, drawing 15 million visitors and an economic impact of $2 billion.
- Extensive Recent Capital Improvements: Current ownership has spent over $1.8 Million spent in past 4 years including upgrading multiple Cabins, expanded Septic system adding 10 sites, 11 new Glamping Tents installed and upgrading electricity to 25 RV sites.
- Differentiated, Wooded Site Mix: Large, well-spaced RV sites including deluxe options, extensive tree cover throughout the property, and a scenic forested environment that differentiates HTR Black Hills from competing campgrounds with limited natural canopy.
- Clear Upside & Expansion Potential: Ability to expand and add additional sites (licensed for up to 130 RV/tent sites), further refine site mix, add park models and/or additional cabins, introduce food & beverage using the existing commercial kitchen infrastructure, and continue enhancing accommodations and amenities to drive ADR, occupancy, and NOI growth.
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