Red Roof Inn


Price:
$1,600,000

Address :
1208 W Cherry St.
Vermillion, SD 57069


  •  Recently renovated with minimal or no PIP expected
  •  Ideal owner/operator property with living quarters
  •  Limited competition in Vermillion
  •  Extended stay units not subject to royalties
  •  Within walking distance of University of South Dakota campus
  •  Adjacent land and pole shed available for $55,000
    View Map    View Aerial
  •  Vermillion is the county seat of Clay County and the cultural and economic hub for a three-state region.
  •  Hotel is located on Cherry Street, 6.2 miles west of Interstate 29
  •  Close to Regional Demand Generators:
    •  0.7 Miles to University of South Dakota
    •  0.9 Miles to National Music Museum
    •  1.1 Miles to DakotaDome & Sanford Coyote Sports Center
    •  1.1 Miles to The Bluffs Golf Course
    •  8.1 Miles to Spirit Mound Historical Prairie State Park
  •  2 Stories
  •  39 (+ 5 Extended-Stay Units)
  •  Interior Corridors
  •  Wood Frame Construction
  •  Cement Composite Board Siding (Replaced in 2016)
  •  Pitched, Asphalt-Shingle Roof
  •  Parking Lot – One is Asphalt and Other Side is Concrete
  •  Complimentary Breakfast Room (Seats 11)
  •  Heated, Indoor Pool
  •  Manager’s Quarters
  •  Wireless Internet
  •  ±0.938 Acres
  •  Built 1977
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2016
2017
2018
T-12Mos 9/19
Occupancy
23.54%
46.99%
46.10%
53.63%
Average Daily Rate
$86.15
$72.47
$74.09
$72.21
RevPar
$29.22
$34.05
$34.15
$38.72
Room Revenue
$289,440
$484,750
$486,175
$551,234
Net Operating Income
(47,970)
$75,372
$106,405
N/A
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!