CROSSROADS HOTEL SOUTH DAKOTA

OFFERING MEMORANDUM

CROSSROADS HOTEL SOUTH DAKOTA

HURON, SD

SINGH COMMERCIAL GROUP 210.696.9996 10999 IH-10 West, Ste. 175 San Antonio, TX 78230

PRESENTED BY: RAV SINGH, CCIM Director 0 210.696.9996 rav@ TX #0560351

OFFERING MEMORANDUM

HOSPITALITY FOR SALE

CROSSROADS HOTEL SOUTH DAKOTA

100 4th St SW, HURON, SD 57350

OFFERING SUMMARY SALE PRICE: CAP RATE: NOI: LOT SIZE: YEAR BUILT: BUILDING SIZE: RENOVATED: PRICE / SF:

$3,200,000 9.72% $311,010 1.7 Acres 1987 78,622 SF 2016 $40.70

PROPERTY OVERVIEW

Crossroads Hotel is an interior corridor, 100 room, three story hotel located in Huron, South Dakota. Constructed in 1987, the hotel is attached to the Huron Events and Convention Center which is attached to the Huron Arena. The hotel has a full service restaurant called Ryan's Hangar Restaurant & Ace Lounge that is known for superior steaks, seafood and pastas. The restaurant is leased to a local restaurant owner and shares part of the utilities costs with the hotel. The Huron event center also shares the utility costs with the hotel. Current ownership is absentee and the property is being overseen by local managers in the city. This investment provides an owner operator the opportunity to purchase the hotel and increase NOI. More information on the hotel can be found on the following website:

PROPERTY HIGHLIGHTS

? ADR: $92; OCC: 40%; RevPAR: $33

? The hotel is attached to the Huron Events and Convention Center; Leased Restaurant and Bar; City owns the Convention Center

? Currently the hotel is run with absentee ownership, Perfect for Owner Operator or First Time Buyer!

? Property offers new ownership strong upside potential with proper management in place

SINGH COMMERCIAL GROUP 210.696.9996 10999 IH-10 West, Ste. 175 San Antonio, TX 78230

RAV SINGH, CCIM Director 0 210.696.9996 rav@ TX #0560351

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



HOSPITALITY FOR SALE

CROSSROADS HOTEL SOUTH DAKOTA

100 4th St SW, HURON, SD 57350

SINGH COMMERCIAL GROUP 210.696.9996 10999 IH-10 West, Ste. 175 San Antonio, TX 78230

RAV SINGH, CCIM Director 0 210.696.9996 rav@ TX #0560351

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



HOSPITALITY FOR SALE

CROSSROADS HOTEL SOUTH DAKOTA

100 4th St SW, HURON, SD 57350

SINGH COMMERCIAL GROUP 210.696.9996 10999 IH-10 West, Ste. 175 San Antonio, TX 78230

RAV SINGH, CCIM Director 0 210.696.9996 rav@ TX #0560351

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



HOSPITALITY FOR SALE

CROSSROADS HOTEL SOUTH DAKOTA

100 4th St SW, HURON, SD 57350

SINGH COMMERCIAL GROUP 210.696.9996 10999 IH-10 West, Ste. 175 San Antonio, TX 78230

RAV SINGH, CCIM Director 0 210.696.9996 rav@ TX #0560351

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about

it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include

projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors

should conduct your own investigation of the property and transaction.



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