Western Inn & Suites Osage - Osage, IA
About This Property
- 34 Units
- 2 Story, Interior Corridor Hotel
- Underperforming Due to Poor Management and Absentee Ownership
- 3-Year Average Revenue: $323,000
- Former Super 8 in Excellent Condition
- Motivated Seller - Offers Encouraged
- Built in 2000 - Perfect for Owner Operator With Manager's Apartment Available
- Owner Financing may be Available to Qualified Buyer
The Western Inn and Suites in Osage, IA, is a 34-unit, interior-corridor, two-story hotel located in Mitchell County, positioned near Highway 9 and Highway 218.
The hotel is well maintained after dropping the Super 8 by Wyndham flag to become independent as the "Western Inn & Suites". The hotel offers several amenities, including a business center, guest laundry, daily housekeeping, pet-friendly accommodations, a 24-hour front desk, and parking for buses, trailers, RVs, and trucks.
Revenue has declined in recent years due to management issues and absentee ownership. However, this provides an opportunity for an experienced owner to take over day-to-day operations and implement improvements.
Osage, situated along the scenic Cedar River, offers a small-town atmosphere with a strong sense of community. It is known for its historical buildings, rich culture, and annual events that attract both locals and visitors. The town hosts a variety of outdoor activities, including Mitchell County fair, kayaking, fishing, and camping, which encourage community engagement. Local attractions include Sunny Brae Golf & Country Club, Spring Park, Jiri-Rita Prairie Park, Cedar Summerstock Theatre, Osage City Park, the Blue Star Memorial, and more.
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.