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. Grinnell is located on I-80 just 50 miles east of Des Moines (capital of Iowa) and has a population of 9,000. The hotel is situated minutes from Grinnell College, a 4-year, private liberal arts college (enrollment of 1700) and Iowa Valley Community College.
Grinnell demand generators include the NASCAR-owned Iowa Speedway, Knoxville Raceway, Adventureland Park and Prairie Meadows Casino. Major businesses such as Grinnell Mutual Reinsurance Company, Grinnell College, Grinnell Regional Medical Center, JELD-WEN, Manatts, Inc., and Magna, Inc. all contribute to the hospitality demand. I-80 also contributes a significant amount of walk-in traffic to the hotel.
This 58 room, 2-story hotel, has a variety of room types, including whirlpool and family suites. The lobby, front desk and breakfast area have been recently remodeled. Guests enjoy amenities such as an oversized indoor pool & spa, fitness room, guest laundry and flat screen TV’s.
The Best Western Pioneer Inn & Suites provides high room revenue, cash flow, an excellent location and a strong hospitality market!
