395 Glendale Dr
Lead, SD 57754

Property Tour and Contact Detail Information: Property tours are available by advance appointment only. Please contact Tom Sommer at 312-399-9663 or email him at tsommer@hrec.com to schedule a tour. Investment Highlights: Exceptional Location Newly Renovated Significant Upside Opportunity Independent Hotel Product Opportunity to convert to a National Brand Affiliation Offered Unencumbered by Management Fee Simple Interest Investment Overview: The Blackstone Lodge & Suites was opened in 1991 and features 70 guestrooms. The Property was fully renovated in 2015 which included upgrades to the exterior, public spaces and guestrooms. The Hotel offers a complimentary hot breakfast and is complete with three outdoor hot tubs. The Hotel is dog friendly and also offers guest laundry facilities. Lead is located in the Black Hills of western South Dakota near the Wyoming state line. Lead has a population of about 3,000 and is part of Lawrence County, which has a population of about 25,000. Lead was originally founded in 1876 after the discovery of gold and is home to the Homestake Mine, which was the largest, deepest, and most productive gold mine in the Western Hemisphere b Lead was originally founded in 1876 after the discovery of gold and is home to the Homestake Mine, which was the largest, deepest, and most productive gold mine in the Western Hemisphere before closing in January 2002. Today the mine is home to the Sanford Underground Research Facility (SURF), an underground laboratory which houses multiple large scale physics experiments. The newest experiment, the Deep Underground Neutrino Experiment (DUNE), is expected to add close to 1,800 jobs to western South Dakota at its peak in 2020. Today, Lead's economy is largely based around tourism. In the winter months the Hotel benefits from its proximity to two local ski resorts: Terry Peak Ski Mountain (5 miles) and Mystic Miner Ski Resort (4.6 miles). The Property also offers direct access to snowmobile trails, another popular wintertime activity in Lead. Throughout the summer months the scenic, 109 mile, George S. Mickelson Trail is a popular destination among guests. The Mount Rushmore National Memorial is located just 50 miles south of the Hotel and is South Dakota's most popular tourist attraction welcoming nearly three million visitors each year. The Hotel also generates demand from nearby