Groundbreaking is planned for this summer for a four-story, 116-room hotel, attached conference center and urban pub and restaurant that will complement the newly renovated golf course at the Sioux Falls, S.D. property.
An Aberdeen, S.D. development company hopes to break ground on a $13 million hotel and restaurant project at Elmwood Golf Course in Sioux Falls, S.D. this summer, the Sioux Falls Argus Leader reported.
Officials announced on March 16 that the city of Sioux Falls is partnering with Quest Development to build a four-story, 116-room Holiday Inn Hotel and Suites, an attached conference center and an urban pub and restaurant called Crooked Pint Ale House, the Argus Leader reported. The agreement, still being finalized, provides for a 50-year lease estimated to generate $3 million for the city during the lease term.
Elmwood Golf Course, a part of the Sports and Entertainment District that houses the Sanford Sports Complex and the Denny Sanford Premier Center, will also see a three-year, $5 million parks project that renovated the entire course completed this year ahead of the hotel and restaurant’s anticipated opening in spring 2017, the Argus Leader reported.
“This development will be a great addition to the Sports and Entertainment District, an area of Sioux Falls that has incredible potential to keep growing,” said Darrin Smith, Sioux Falls’ Community Development Director.
The entire facility will be about 77,000 square feet, including a 3,000-sq.-ft. conference meeting and events room large enough to accommodate 300 people, the Argus Leader reported. The restaurant will seat 200, and the hotel will have a fitness center and a 24-hour market for guests. It will also be home to a South Dakota Golf Hall of Fame.
Although Smith said exact costs aren’t known, the city will help pay for some site-preparation expenses, the Argus Leader reported, including relocating an electrical line and an existing storage facility on site, to be paid for using lease payment credits.
Kevin Weisbeck, President of Quest Development, said his company was in talks with the city for more than a year, using that time to monitor the area and gauge whether a hotel and restaurant venture would be a worthy investment, the Argus Leader reported. The answer was an unequivocal yes, Weisbeck said.
“The percentage of growth [in Sioux Falls] every year is incredible,” he told the Argus Leader. “The Premier Center is a huge demand generator, and I think Badlands Pawn is going to be awesome with the concerts they do every week.
“I hate to say this because I don’t want the competition to build on top of us, but there’s probably room for a few more [hotels].” Weisback added.
The facility is estimated to generate more than $40 million in state and local taxes during the 50-year lease, Smith said, and the added room capacity better positions Sioux Falls to attract high-profile events like NCAA tournaments.
“Already since 2012, more than $80 million in private investment has taken place in this highly visible part of town, and a top-notch new hotel and restaurant is sure to spur even more development,” Smitgh said.
C&RB first reported on the plan for Elmwood GC two years ago (http://clubandresortbusiness.com/2013/11/20/city-build-hotel-near-elmwood-gc/) and reported last year on how a rebuilding of the Sioux Falls airport caused a rerouting of the Elmwood golf course (http://clubandresortbusiness.com/2015/09/02/elmwood-gc-not-grounded-despite-airport-intrusion/)