Best Western Branded Hotel in Central Iowa - [Confidential], IA
About This Property
- 100+ Units
- 4 Story, Interior Corridor Hotel
- Trailing Twelve Month Room Revenue through May: $2,157,445
- $81,000 Annual Restaurant Lease
- $230,000 Banquet Revenue in 2023, $42,831 Other Revenue in 2023
- Qualifies for Best Western Membership Auto-Transfer
- Inquire for More Details
100+ unit, Best Western Branded Hotel located in Central Iowa.
The hotel has an excellent location and is nearby to a diverse array of demand generators. The hotel maintains an ADR of $118. STR data shows significant upside potential to capture a greater share of the market, with a RevPAR Index of 69.9 (running 12 months through April 2024). The hotel is in excellent condition with strong reviews and excellent ratings online, and auto-transfer for Best Western's membership is expected. The hotel has several sources of additional income including a banquet center and leased restaurant.
Full details available after signing a Confidentiality Agreement.
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.