Budget Inn and Suites

This 35 unit motel offers a new owner a solid property with several large cap ex items already taken care of by current ownership. Recent improvements include a new roof in 2017, as well as new carpet and linens throughout the common areas and rooms in 2019. The property sees consistent occupancy due to its close proximity to HWY 30. This property receives overflow occupancy from local hotels in Ames, Iowa which is only a 10 minute drive to the subject property. This property has very low rates, in comparison to local competition, offering plenty of upside for new ownership. The property currently has 34 rentable rooms, as well as one bedroom manager's suite. The 35th room is currently also being used by management as additional living space. Contact Broker for additional information.

The subject property sits conveniently off of HWY 30 in Nevada, IA. The property is only a 10 minute drive from Jack Trice Stadium, Iowa State University, and downtown Ames. Due to this the property sees consistent overflow from the Ames market, while offering competitive rates.