Quality Inn | Des Moines, IA

4950 NE 14TH ST,
DES MOINES , IA 50313

 

$3,200,000
Offering Price
$377,866
NOI
11.81%
Cap Rate
3.57
RRM
52
Total Rooms
$61,538
Price Per Key
$3,200,000
Offering Price
$377,866
NOI
11.81%
Cap Rate
3.57
RRM
52
Total Rooms
$61,538
Price Per Key

INVESTMENT SUMMARY

  • Newly Renovated property: Opened in 2000, the 52-key Quality Inn has benefited from ongoing capital improvements by the current owner, ensuring excellent condition.
  • Unencumbered management: The hotel presents compelling opportunities to improve market RevPAR penetration and increase NOI.
  • Strategic location: Directly located off busy, high-flow I-80, the hotel is the first highway exit as travelers enter Des Moines, Iowa.
  • Interior corridor hotel: The three-story property features an interior corridor layout, providing guests with added security and convenience.
  • Strong RevPAR growth: The Des Moines CBD/North hotel submarket has experienced an impressive 25.1% increase in twelve-month average RevPAR.
  • Thriving local economy: Top companies such as Wells Fargo, Fidelity & Guaranty Life, and Wellmark Blue Cross Blue Shield have headquarters in Des Moines, driving demand for accommodations.
  • Cultural events: Des Moines hosts numerous acclaimed events throughout the year, generating additional business for the property.
  • High traffic volume: The hotel's proximity to Interstate 80, with over 80,000 travelers per day, ensures consistent demand.

PROPERTY OVERVIEW

  • Prime location: The hotel's position on Interstate 80 maximizes visibility and accessibility for travelers.
  • Excellent condition: The property's well-maintained status ensures a comfortable and enjoyable experience for guests.
  • Modern amenities: Guests can enjoy various amenities, including a fitness center, free Wi-Fi, and complimentary breakfast.
  • Elevator access: The hotel features an elevator, ensuring easy access to all floors for guests.
  • Proximity to Des Moines CBD: The hotel is conveniently situated near the central business district, attracting business travelers to the area.
  • Growing market: The Des Moines CBD/North hotel submarket's strong RevPAR growth suggests a promising outlook for the property.
  • Easy access to attractions: The hotel is near various cultural, recreational, and entertainment venues in Des Moines, boosting its appeal to leisure travelers.
  • Substantial discount: The hotel's fee-simple interest is offered at a considerable discount to replacement cost, presenting a unique investment opportunity.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate