Econo Lodge Urbandale (Des Moines) - Urbandale, IA

Des Moines area hotels do not come on the market often. This recently renovated Econo Lodge in the suburb of Urbandale features a solid increase in both ADR and RevPar in 2016. Revenues continue to increase, making this hotel ready to cash flow for an owner operator. Priced at less than 3X the T-12 RR!

Property Details

Address 10841 Douglas Ave, Urbandale IA 50322 (view map)
Price $1,350,000
Rooms 59
Price Per Key $22,881
Property Type Limited Service
Revenue $475,000 T-12

Executive Summary

This Econo Lodge is located in the Des Moines suburb of Urbandale. Des Moines, the capital of Iowa, is a growing city with many demand generators.  Drake University, Des Moines University, Adventureland USA, the State Capital & Civic Center are all close by.  Also, annual events such as the Iowa State Fair, World Pork Expo & Iowa State Wrestling Championships draw a huge amount of traffic to the area.  About 20% of the business is done through extended stay customers.  The hotel is priced under 3X the T-12 RR of $475,000!

This 59-room, 2-story, exterior corridor property, has been recently renovated.  NEW case goods, bedding, drapes, art work and exterior paint were completed in 2016.  80% of the guestrooms have new beds and 60% have new PTAC units.    There is also a very nice Manager’s Quarters on site. 

In closing, this Econo Lodge provides increasing revenue and cash flow in a very strong hospitality market.  For these reasons it would be worth making a trip to Des Moines.

Contact an Associate

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

Hotel Description

  • Des Moines location w/2+ acres of land
  • NEW Exterior Paint
  • NEW Beds - 80% of guestrooms
  • NEW Bedding, Drapes, Artwork
  • NEW PTAC units - 60% of guestrooms
  • Newer Case Goods & Knockdown Walls
  • Flat Screen TV's
  • Microwave & Mini Fridge in all guestrooms
  • Seasonal Outdoor Pool
  • Manager's Quarters