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Research Monthly report

South Dakota hotel market update, April 2026

Reed Gizinski · hotel broker, Ruzicka Hotel Team at Marcus & Millichap

  • South Dakota

South Dakota hotels ran 55.56% occupancy at a $122.90 ADR over the last twelve months, RevPAR +0.00%. 2 hotels sold.

South Dakota's hotel market for April 2026: how hotels performed, what sold, where rates stand and what is being built. For a closer look at a specific market or hotel, ask for a report.

Occupancy, trailing 12 months

55.56%

ADR, trailing 12 months

$122.90

RevPAR, trailing 12 months

$68.28

+0.00% year over year

Performance

Across every South Dakota hotel, the trailing twelve months averaged 55.56% occupancy, a $122.90 ADR and $68.28 RevPAR, with RevPAR +0.00% on the year before.

ScaleT-12 OccT-12 ADRT-12 RevPARRevPAR, year over year
All hotels55.56%$122.90$68.28+0.00%
Luxury & Upper Upscale61.34%$181.74$111.48+4.28%
Upper Midscale65.19%$136.76$89.16+0.15%
Midscale & Economy49.30%$100.40$49.49-2.01%
ADR and RevPAR by scale, trailing 12 months
$0$50$100$150$200All hotelsLuxury & UpperUpscaleUpper MidscaleMidscale & EconomyAll hotels · ADR: $122.90Luxury & Upper Upscale · ADR: $181.74Upper Midscale · ADR: $136.76Midscale & Economy · ADR: $100.40All hotels · RevPAR: $68.28Luxury & Upper Upscale · RevPAR: $111.48Upper Midscale · RevPAR: $89.16Midscale & Economy · RevPAR: $49.49$122.90$181.74$136.76$100.40$68.28$111.48$89.16$49.49$0$50$100$150$200All hotelsLuxury &Upper UpscaleUpperMidscaleMidscale &EconomyAll hotels · ADR: $122.90Luxury & Upper Upscale · ADR: $181.74Upper Midscale · ADR: $136.76Midscale & Economy · ADR: $100.40All hotels · RevPAR: $68.28Luxury & Upper Upscale · RevPAR: $111.48Upper Midscale · RevPAR: $89.16Midscale & Economy · RevPAR: $49.49$122.90$181.74$136.76$100.40$68.28$111.48$89.16$49.49

Source: STR, one-month reporting lag

ADRRevPAR
All hotels$122.90$68.28
Luxury & Upper Upscale$181.74$111.48
Upper Midscale$136.76$89.16
Midscale & Economy$100.40$49.49
RevPAR change by scale
-4%-2%0%2%4%6%All hotelsLuxury & UpperUpscaleUpper MidscaleMidscale & EconomyAll hotels · Trailing 12 months: 0.00%Luxury & Upper Upscale · Trailing 12 months: 4.28%Upper Midscale · Trailing 12 months: 0.15%Midscale & Economy · Trailing 12 months: -2.01%0.00%4.28%0.15%-2.01%-4%-2%0%2%4%6%All hotelsLuxury &Upper UpscaleUpperMidscaleMidscale &EconomyAll hotels · Trailing 12 months: 0.00%Luxury & Upper Upscale · Trailing 12 months: 4.28%Upper Midscale · Trailing 12 months: 0.15%Midscale & Economy · Trailing 12 months: -2.01%0.00%4.28%0.15%-2.01%

Source: STR, one-month reporting lag

Trailing 12 months
All hotels0.00%
Luxury & Upper Upscale4.28%
Upper Midscale0.15%
Midscale & Economy-2.01%

Month by month, South Dakota RevPAR in 2026 against 2025, through March:

RevPAR by month, 2025 and 2026
$0$25$50$75$100$125JanFebMarAprMayJunJulAugSepOctNovDecJan · 2025: $35.8Feb · 2025: $42.3Mar · 2025: $48.1Apr · 2025: $47.3May · 2025: $65.9Jun · 2025: $103.5Jul · 2025: $106.0Aug · 2025: $107.5Sep · 2025: $86.9Oct · 2025: $71.7Nov · 2025: $49.2Dec · 2025: $38.4Jan · 2026: $37.5Feb · 2026: $44.1Mar · 2026: $52.2$0$50$100$150JanMarMayJulSepNovJan · 2025: $35.8Feb · 2025: $42.3Mar · 2025: $48.1Apr · 2025: $47.3May · 2025: $65.9Jun · 2025: $103.5Jul · 2025: $106.0Aug · 2025: $107.5Sep · 2025: $86.9Oct · 2025: $71.7Nov · 2025: $49.2Dec · 2025: $38.4Jan · 2026: $37.5Feb · 2026: $44.1Mar · 2026: $52.2

values read from the CoStar chart in the original email

Source: CoStar, as of April 27, 2026

20252026
Jan$35.8$37.5
Feb$42.3$44.1
Mar$48.1$52.2
Apr$47.3
May$65.9
Jun$103.5
Jul$106.0
Aug$107.5
Sep$86.9
Oct$71.7
Nov$49.2
Dec$38.4

All figures are from STR and run a month behind. For a specific market or scale, reach out.

Sales

HotelCityPriceNote
Home2 Sioux FallsSioux Falls-Part of a 9-hotel portfolio
Fairfield Sioux FallsSioux Falls-Part of a 9-hotel portfolio

Sale prices come from public records and may not include capital allocated to FF&E or goodwill. Want to know more about one of these sales? Get in touch.

Capital markets

RateAs of April 30, 2026
Prime rate6.75%
10-year Treasury4.396%
5-year Treasury4.032%

New developments

This month's new hotels and sales
Sioux FallsSioux FallsSioux FallsSioux Falls

Boundaries, roads and water: U.S. Census Bureau (TIGER/Line).

Another 12 hotels have been proposed. Call or email to learn more about any of them.

Tools

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