Research Monthly report
South Dakota hotel market update, December 2025
- South Dakota
South Dakota hotels ran 56.4% occupancy at a $121.07 ADR over the last twelve months, RevPAR -.01%. 1 hotel sold.
South Dakota's hotel market for December 2025: 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
56.4%
ADR, trailing 12 months
$121.07
RevPAR, trailing 12 months
$68.26
-.01% year over year
RevPAR, Nov '25 vs Nov '24
-.03%
Performance
Across every South Dakota hotel, the trailing twelve months averaged 56.4% occupancy, a $121.07 ADR and $68.26 RevPAR, with RevPAR -.01% on the year before.
RevPAR for Nov '25 was -.03% against Nov '24.
Month by month, South Dakota RevPAR in 2025 against 2024, through November:
All figures are from STR and run a month behind. For a specific market or scale, reach out.
Sales
| Hotel | City | Price | Note |
|---|---|---|---|
| Super 8 Spearfish | Spearfish | $2,365,000 |
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
| Rate | As of November 30, 2025 |
|---|---|
| Prime rate | 6.75% |
| 10-year Treasury | 4.14% |
| 5-year Treasury | 3.69% |
New developments
Boundaries, roads and water: U.S. Census Bureau (TIGER/Line).
Other developments that bring travelers:
- Proposed Downtown Convention Center (Riverline District), Sioux Falls
- Sioux Falls Regional Airport Expansion (new gates + parking ramp), Sioux Falls
- Sanford Sports Complex & Virtual Care Center Expansion, Sioux Falls
- Mixed-Use "Block 5" (Hotel + Lofts + Retail) Development, Rapid City
- Rapid City Airport Expansion (state-backed), Rapid City area
- Dells Peak Recreational & Outdoor Tourism Investments, Black Hills / Custer, SD
- Sturgis Rally Infrastructure & Events Buildouts, Sturgis, SD
- South Dakota State Fairgrounds & Exposition Upgrades, Huron, SD
Tools
- Full hotel underwriting and waterfall model. Download the Excel model free. Questions or changes you'd recommend are welcome.
- A report on your hotel or market. Ask for one and we'll be in touch.
Thinking about what your hotel would sell for? Request a valuation.