La Quinta Inn - Springfield, Missouri

Executive Summary

In 2003-04, the La Quinta Inn was completely transformed into an extremely attractive property by a major interior and exterior renovation. Furthermore, the owner is currently undergoing a $450K PIP renovation, (See below).  Located on a major interstate, the hotel is highly visible and appealing to the transient traveler as well as corporate guest. TIn spite of the economy, the room revenue continues to stabilize as a result of the reposition efforts with room to grow as the economy improves. Previously, the owner managed a trucking contract that was not profitable and it was terminated. Naturally, the revenue declined, but profitablity has gone up.  Of course, a new operator could choose to bid on the contract at the next anniversary, very likely at a higher rate. 

As you will see, this hotel offers all of the attributes of an attractive investment, especially for an owner /operator. That is, the property features interstate visibility, location in a growth area, potential for increasing revenue,  and a pleasing sense of arrival.  Springfield, MO is one of the fastest growing areas in the Midwest based on its proximity to multiple large lakes, Ozark mountain tourist venues, Branson, and the many other nearby recreational attractions.

For an owner-operator able to maximize profitablity, the La Quinta should be on your list of possibilities.

Additional Photos