Address: 2616 East 10th Street
City: Sioux Falls
State: SD
ZIP: 57103
Rooms #: 56
Additional Features:
Mumford Company has arranged the sale of the Super 8 and 10th Street Apartments in Sioux Falls, South Dakota, on behalf of 10th Street Lodging Limited. The 56-room Super 8 and 28-unit apartment hotel were sold for an undisclosed amount. According to Lance Potter, Vice President in Mumford’s Chicago office who represented the Seller, ‘the hotel and extended stay oriented apartments represented an excellent value in a growing market, right off I-229 and minutes away from downtown Sioux Falls.’ The buyer plans extensive renovations to upgrade both hotels and will retain the Super 8 franchise. Acquisition financing was provided by a local bank.
A proven leader in the field of hotel real estate brokerage, Mumford Company’s commitment to results-oriented customer service has yielded outstanding client results year after year. As a specialist in mid-market assets, Mumford Company has structured the sale of hundreds of hotels in the past five years alone, representing a wide array of owners and investors. For more information, please call (757) 873-0962.
