$13 million hotel, restaurant complex planned in Sioux Falls
SIOUX FALLS (AP) -- An Aberdeen development company hopes to break ground this summer on a $13 million hotel and restaurant project at Elmwood Golf Course in Sioux Falls.
SIOUX FALLS (AP) - An Aberdeen development company hopes to break ground this summer on a $13 million hotel and restaurant project at Elmwood Golf Course in Sioux Falls.
The city is partnering with Quest Development on a four-story, 116-room Holiday Inn Hotel and Suites, an attached conference center and a pub and restaurant called the Crooked Pint Ale House. The complex will be about 77,000 square feet.
The agreement that's still being finalized provides for a 50-year lease estimated to generate $3 million for the city, along with more than $40 million in state and local taxes, according to the Argus Leader.
Elmwood Golf Course is part of the Sioux Falls Sports and Entertainment District that houses the Sanford Sports Complex and the $117 million Denny Sanford Premier Center that opened in the fall of 2014.
Quest Development has been in talks with the city about the project for more than a year, President Kevin Weisbeck said.
"The percentage of growth (in Sioux Falls) every year is incredible," he said.
The added hotel rooms will better position Sioux Falls to attract high-profile events such as the NCAA Division I Men's Basketball Tournament, according to Community Development Director Darrin Smith.
"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," he said.