This absentee-owned Best Western represents all the attributes of a superior hotel investment…that is, high revenue, strong net income and a solid market with multiple demand generators. Newton is located on I-80 just 30 miles east of Des Moines (capital of Iowa) and has a population of over 15,000. The hotel is situated minutes from downtown.
Newton demand generators include the NASCAR -owned Iowa Speedway, Knoxville Raceway, Adventureland Park, Prairie Meadows Casino, Maytag Dairy Farms and Red Lake Park. Grinnell College, a 4-year private liberal arts college (enrollment 1700), is a short drive from the hotel.
Major businesses such as TPI Composites, Trinity Structural Towers, MercyOne Medical Center and Rock Communications contribute to the hospitality demand. Newton is also the county seat of Jasper County, providing a steady amount of government business.
This 77 room, 3-story hotel, re-branded and renovated to a Best Western in 2014, is a 2017 BW Chairman’s Award winner and a 2018 TripAdvisor Certificate of Excellence Award Winner. Guests enjoy amenities such as an elevator, indoor pool, fitness room, meeting room, guest laundry and flat screen TV’s.
The Best Western Holiday Manor provides high room revenue, cash flow, an excellent location and a strong hospitality market.