Marcus & Millichap Announces Sale of Super 8 by Wyndham Spearfish
SPEARFISH, South Dakota—Marcus & Millichap announced the sale of a Super 8 by Wyndham Spearfish, a 60-room hotel in Spearfish, South Dakota, for $2.4 million. “This transaction presented a compelling opportunity for an investor to acquire a well-located hospitality asset with multiple paths to value creation,” said Jon Ruzicka, managing director of investments. “The buyer plans to reposition the property through rebranding and operational enhancements, allowing them to better capitalize on the area’s strong year-round tourism and regional demand […]
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