Comfort Inn & Suites - Fort Madison, IA

$500,000 PRICE REDUCTION! MOTIVATED SELLER! Offered at less than $61K per key, 25% less than replacement cost. This Comfort Inn & Suites is the market leader and has a solid history of revenue, excellent net income and outstanding customer reviews.

Property Details

Address 6157 Reve Court, Fort Madison IA 52627 (view map)
Price $4,750,000
Rooms 79
Price Per Key $60,127
Property Type Limited Service
Revenue Call or email for CA-NC

Executive Summary

$500,000 PRICE REDUCTION!!

This Comfort Inn & Suites represents all the attributes of a superior hotel investment…..that is, high revenue, superior net income, a highway location and the market leader in a stable hospitality market. Fort Madison is located on the southeastern border of Iowa on Highway 61. The city boasts a growing business climate, with companies such as Siemens Energy, Iowa Fertilizer, BNSF Railway and DuPont. Attractions include the LDS Nauvoo Visitor Center and the North Lee Historical Society.

This 79-room, 3-story, interior corridor property, with an elevator, opened in 2003. The indoor swimming pool and spa were totally renovated in 2015. The hotel also has a 5000 sq. ft. banquet facility, and is the #1 choice for meetings and functions in the area. Guests enjoy amenities such as an indoor pool and fitness area, guest laundry and flat screen TV’s.

In closing, this Comfort Inn & Suites provides excellent revenue, cash flow and is the market leader. For these reasons it would be worth making a trip to southeastern Iowa.

Contact an Associate

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

Hotel Description

 

  •     Assorted suites with sitting areas and some w/sofa sleepers
  •     All rooms with microwaves and mini-fridges
  •     Built in 2003…..a new 20-year license is available
  •     Flat Screen HD TV’s
  •     Fitness Center & Business Center
  •     Large Heated Indoor Pool & Spa area
  •     Guest Laundry
  •     Meeting Room
  •     5000 sq. ft. Banquet Room w/kitchen
  •     100% Non-Smoking