Baymont Inn & Suites - Le Mars, IA

SOLD!!

Property Details

Address 1314 12th St. SW, Le Mars IA 51031 (view map)
Price $3,000,000
Rooms 62
Price Per Key $48,387
Property Type Limited Service
Revenue $1,035,000 T12

Executive Summary

This 62-room Baymont Inn & Suites offers an outstanding opportunity to purchase a hotel with increasing revenue in a growing market.  The hotel produces top line revenue resulting in superior cash flow and features many recent improvements, including newer case goods and beds, 32” flat screen TV’s, digital PTAC units (40 guestrooms) and a 3-year old roof.   At the asking price and the 2014 NOI, the cash-on-cash return could approach 25%.   

Le Mars, IA is somewhat of a well-kept secret.  It features a strong business climate with a number of companies, including the headquarters for Wells Dairy, the makers of Blue Bunny Ice Cream. Le Mars is known as the “Ice Cream Capital of the World” and annually holds its “Ice Cream Days” celebration.  Other businesses include IML Container, Dean's Foods, Bodean's and Gus Pech Manufacturing.  Plymouth County Historical Museum and Willow Creek Golf Course are also area attractions.

This Baymont Inn & Suites features all the attributes of an attractive investment.  That is, top line revenue, superior cash flow, a strong business model and an active business town.  Please call or email for a CA.

 

Contact an Associate

Dave Jones Dave Jones
913-499-4725 (office)
Send an Email

Hotel Description

  • Keyless Entry
  • HSIA
  • 32" Flat Screen TV's
  • Whirlpool suites
  • All guestrooms w/microwaves & mini fridges
  • Exercise room
  • Indoor heated pool
  • Newer case goods and beds
  • 3-year old roof w/warranty