20-22 | AmericInn by Wyndham West Burlington

628 S Gear Ave,
West Burlington, IA 52655

 

$3,200,000
Offering Price
$371,153
NOI
11.60%
Cap Rate
3.00
RRM
54
Total Rooms
$59,259
Price Per Key
$3,200,000
Offering Price
$371,153
NOI
11.60%
Cap Rate
3.00
RRM
54
Total Rooms
$59,259
Price Per Key

Investment Summary

  • Unencumbered 54-room property: AmericInn by Wyndham offers a debt-free, management-free hotel investment opportunity.
  • Attractive pricing: This asset is available at a significant discount to replacement cost, maximizing potential ROI.
  • Strong RevPAR growth: The Iowa Southeast Area hotel submarket has experienced a 13.4% increase in twelve-month average RevPAR, reflecting a robust market.
  • Operational upside: An owner-operator can potentially reduce operational expenses and increase profits by directly managing the property.
  • Established brand: AmericInn by Wyndham, part of the renowned Wyndham Hotels & Resorts, ensures a reputable brand presence.

Property Highights

  • Prime location: The hotel is conveniently located off U.S. Highway 34, providing easy access to major demand generators in the area.
  • Proximity to retail & entertainment: The property is close to Target, Local theater, Shoe Carnival, and Walmart, attracting guests and boosting occupancy.
  • Educational & medical facilities nearby: The hotel benefits from its proximity to a community college and a hospital, creating a steady stream of potential guests.
  • Absentee owner managed: AmericInn by Wyndham currently operates with an absentee owner, offering the opportunity for a hands-on owner-operator to maximize the property's potential.
  • Positive market trends: The Iowa Southeast Area hotel submarket has recently experienced impressive growth, suggesting a promising outlook for the property.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate