Super 8 Osage IA
1530 East Main Street,
Osage, IA 50461
OWNER FINANCE - For Qualified Buyers
$1,200,000
Price
$136,705
NOI
11.39%
Cap Rate
3.04
RRM
34
Total Rooms
$35,294
Price Per Key
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$1,200,000
Price
$136,705
NOI
11.39%
Cap Rate
3.04
RRM
34
Total Rooms
$35,294
Price Per Key
Investment Summary
Well-Maintained Property: Established in 2000, this 34-room Super 8 by Wyndham in Osage, Iowa, reflects ongoing capital improvements and excellent condition, ensuring a comfortable and enjoyable experience for guests.
Potential for RevPAR Growth: With strategic management, there are compelling opportunities to enhance market RevPAR and increase Net Operating Income (NOI), making it a promising investment.
Strategic Location: Positioned directly off busy Highway 9 and near US 218, the Super 8 by Wyndham in Osage, Iowa, enjoys a high traffic volume of over 7,036 vehicles per day (as of the latest measurements in 2022) on nearby roads. This prime location ensures consistent demand, maximizes visibility, and enhances accessibility, making it a prominent stop for travelers.
Conference Meeting Room: Equipped with a conference meeting room, catering to various business needs and attracting corporate guests and local businesses.
Impressive RevPAR Growth in Submarket: The Iowa Northeast Area hotel submarket has seen a strong recovery, with a recent 8.7% increase in twelve-month average RevPAR.
Growing Market: The consistent growth in the submarket, coupled with the property's unique offerings, suggests a promising outlook.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate
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