Multi-billion dollar sale to change tourism in Keystone

KEYSTONE, S.D. (AP) - The new owners of nearly 50 tourist-based hotels, restaurants and shops in a western South Dakota town say they plan to take tourism in the small community to the next level.

The Rapid City Journal reports Presidential Hospitality has made a multimillion-dollar purchase of properties from developer Bill Durst, who plans to retire.

The deal includes many businesses scattered throughout Keystone's busy summer travel corridor which sees nearly 3 million visitors each year who make their way to nearby Mount Rushmore.

Presidential Hospitality plans to rebrand some hotels to become part of nationally franchised brands with the goal of attracting more travelers beyond the peak summer tourist season.

A $2 million project to update two existing hotels is already underway.

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