SPEARFISH, South Dakota—Marcus & Millichap introduced the sale of a Tremendous 8 by Wyndham Spearfish, a 60-room resort in Spearfish, South Dakota, for $2.4 million.
“This transaction offered a compelling alternative for an investor to amass a well-located hospitality asset with a number of paths to worth creation,” mentioned Jon Ruzicka, managing director of investments. “The client plans to reposition the property by rebranding and operational enhancements, permitting them to raised capitalize on the realm’s sturdy year-round tourism and regional demand drivers.”
Ruzicka, Joseph Ferguson, and Reed Gizinski, funding specialists in Marcus & Millichap’s Minneapolis workplace, had the unique itemizing to market the property on behalf of the vendor and procured the customer.
The Tremendous 8 was in-built 1977, and it’s situated off Interstate 90, benefiting from proximity to regional sights together with Spearfish Canyon, Mount Rushmore, and Deadwood.
