Quality Inn & Suites - Mason City, IA

SOLD!!!

Property Details

Address 410 5th St. S.W., Mason City IA (view map)
Price $1,590,000
Rooms 60
Price Per Key 26,500
Property Type Limited Service
Revenue $551,400 Trailing 12RR

Executive Summary

This original developer/owner Quality Inn & Suites is ideally located in the middle of Mason City’s demand generators. Adjacent to the hotel is Mercy Hospital, a regional hospital serving all of northern Iowa.  The proposed $21M Civic Center will be 2 blocks away and Music Man Square and Southbridge Mall are within walking distance.

The hotel was totally remodeled in 2011 and re-flagged to a Quality Inn & Suites.  The owners invested over $400,000 into the property.   Many of the rooms are over sized and include a microwave and mini fridge.  There are also whirlpool suites.  Guestroom improvements include new case goods, carpet, drapes, granite vanities, lighting, 32” LCD TV’s and much more.

If you are looking for a newly renovated hotel performing at 60% of its comp set with upside, this property should be on your list of possibilities.

 

Contact an Associate

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

Hotel Description

  • Keyless Entry
  • Elevator – 3 floors
  • 32” Flat Screen LCD TV’s
  • NEW Case Goods
  • NEW Granite Vanities & Lighting in guestrooms
  • NEW Carpet throughout
  • NEW Tile Floors in guest bathrooms
  • NEW Lobby & Breakfast Room
  • Indoor Pool
  • Whirlpool Suites
  • Ample Truck/Bus Parking