Marcus & Millichap Sells 60-Room Super 8 Hotel In Spearfish South Dakota For $2.4M

A 60-room Super 8 hotel located at 440 Heritage Drive in Spearfish, SD, has been sold for $2,400,000. The hotel was built in 1977 and is situated on 2.03 acres near I-90. It is conveniently positioned close to attractions such as Spearfish Canyon, Mount Rushmore, and Deadwood.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $2,400,000
• Keys: 60
• Price Per Key: $40,000
• Date of Sale: 01/07/2026

The transaction was managed by brokers Jon Ruzicka, Joseph Ferguson, and Reed Gizinski from Marcus & Millichap, representing the seller in this deal.