35-Key Tourism Motel Near Wind Cave & Mount Rushmore - Business for Sale
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35-Room Motel with Mini-Golf in Hot Springs, SD
Hot Springs, SD, US
Added 3 months ago
Tourism Motel with Mini-Golf and Amenities
61 years in business
Retiring Owner
Independent 35-room motel with an 18-hole mini-golf course and outdoor heated pool located in Hot Springs, South Dakota, serving the Black Hills tourism market.
Key Information
Asking
$1.8M
Revenue
$410K
Earnings
$190K
Multiple
9.5x
Key Highlights
- Business established for 61 years
- 35-room independent motel on 2.2 acres, includes an 18-hole mini-golf course, outdoor heated commercial pool, guest laundry, EV charging station, and 1,152 sq ft retail/attendant building
- Recent capital improvements: new metal roof (2024), all mattresses replaced (2024), furniture replaced within last 5 years, 7 rooms refreshed (2025), new commercial laundry equipment (2025)
- Peak-season ADR averaged $133, with Sturgis Rally week at $160+ and July 4 weekend occupancy above 90%
- Seller financing available: up to 40% of purchase price ($600,000 on $1.5M) for qualified buyers
- Sale includes real estate, all FF&E (~$150,000), booking platform, customer database, website, brand, guest reviews, and operating documentation
- Owner retiring after 31 years of continuous ownership
Contact Info
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