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
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$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
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