This absentee-owned Best Western, located only 30 miles east of Des Moines, boasts solid revenue in a strong market!

Executive Summary

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.

Property Details

Address
208 W 4th Street N, Newton, IA 50208
Price
$3,300,000 
Rooms
77 
Price Per Key
$42,857 
Property Type
Limited Service 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • 3 Floors w/Elevator
  • 2017 Best Western Chairman’s Award Winner!
  • 2018 TripAdvisor Certificate of Excellence Award Winner!
  • NEW Roof (2019)
  • NEW dryers
  • Newer hot water heater system
  • Executive and whirlpool suites
  • Flat Screen TV’s
  • Guest laundry
  • Granite vanities
  • Fitness center
  • Indoor pool
  • Meeting Room
  • Absentee-owned

Contact a Broker

Dave Jones Headshot

Dave Jones

KS
Phone: 913-499-4725