In 2003-04, the La Quinta Inn was converted and completely transformed into an extremely attractive property. The renovations included major interior and exterior renovations, including a new exterior skin. Furthermore, in 2010 the owner completed a $550K PIP renovation, (See below for details). Located on a major interstate, the hotel is highly visible and appealing to the transient traveler as well as corporate guest. In spite of the recession, the room revenue held its own as a result of the reposition efforts and renovation efforts. 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, located in a growth area, shows increasing revenue since the recession, and has been recently renovated.
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.
The price has been reduced a shows the owner's is motivated to create a deal.
Converted in 2003 to La Quinta with major renovations, inside and out. 100 rooms including 8 suites