$22,000,000
Description

Hotel Casino in Deadwood, South Dakota

Other - South Dakota

DEADWOOD MOUNTAIN GRAND offers multiple opportunities:
continue operating and maintaining Black Hills’ most well-known hotel and casino, the
future opportunity to develop and customize chalets, and facilitate more attraction to
the resort and town.

The Deadwood Mountain Grand Resort (“DMG”) opened in 2011 and has become one of the finest lodging and entertainment
facilities in the Upper Midwest becoming #1 in the world within the IHG brand family. Forbes recently named “the DMG” the top
luxury hotel in South Dakota.
The Deadwood Mountain Grand Resort is now under new ownership in addition to a new management philosophy that promotes
fresh concepts for programming. A key opportunity to the future would be developing 60 chalets, with a total of 127 rooms,
on commercially zoned land owned by the resort adjacent to the existing facilities. The chalets could be added to the resorts
room inventory in perpetuity and managed by the hotel increasing room capacity from 98 to 240 with all new VIP Suite level
accommodations driving the top ADR in the market. The added units and additional occupied nights would significantly increase
revenue in all operating departments enhancing profit margins not only from added revenue but from economies of scale.
The Property is in the heart of historic Deadwood, South Dakota and is less than an hour’s drive from Mt. Rushmore National
Memorial, Crazy Horse Memorial, Devils Tower National Monument, Custer State Park and is within a 90 minute drive from Badlands
National Park. The entire city of Deadwood is designated by the Historic National Trust as a national historic landmark. Each year
more than 3 million visitors come to Deadwood to enjoy the unique features of the town and the surrounding area featuring year
round activities and events. Currently, approximately 400,000 of those visitors are drawn to the Deadwood Mountain Grand.

Deadwood Mountain Grand Features:
1. Hotel – 98-room, luxury hotel with an excess of 35,000 square
feet of event space including three smaller spaces
totaling 10,000 square feet in meeting space, a fitness
facility, indoor swimming pool and Jacuzzi and the only
resort-based spa and salon in the Black Hills
2. State of the Art Casino – including the latest slot devices with
full live table gaming including Blackjack, Texas Hold-em,
3 Card, Roulette and Craps
3. The Patron Patio – accommodates approximately 700 people
in an outdoor patio experience
4. Event Center – the 25,000-square foot space is the busiest concert
venue in the region and hosts more than 150 events annually
including: Concerts, Showtime Professional Boxing, MMA,
Knife and Gun Shows, Cooking Shows, Car Auctions, Trade
Shows, Weddings, Corporate Retreats, and more with approx.
200,000 attendees (Capacity 3,000 festival / 1,950 seated)
5. Six String – A themed, casual fun, dining restaurant with 110
seats and outdoor patio (seats 60 additional people
in seasonal outdoor seating)
6. Santana’s Sports Bar – A 165 seat Sports Bar with an
additional 80 seat private dining room
7. Full Service Salon + Spa
8. Gift Shop
The current owner will consider remaining as a minority partner with someone financially qualified to operate and manage 9. Parking Garage – 3 story/220 spaces

Deadwood_Grand_Bender and Colliers 11192019 flyer

www.deadwoodmountaingrand.com

 

Property Features
  • Other