This 58 room, absentee-owned, Best Western is located on I-80 in Grinnell, Iowa, just 50 miles east of Des Moines.  Solid revenue, steady cash flow and a strong business community make this an attractive investment for an owner operator.  The hotel is priced competitively at 3X the 2019 results.  Call today for details!

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!

Property Details

Address
2210 W St. S, Grinnell, IA 50012
Price
$3,000,000 
Rooms
58 
Price Per Key
$51,724 
Property Type
Limited Service - Interstate 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • Located off I-80, 55 miles east of the Des Moines Airport
  • Nearby Grinnell College (private 4-year liberal arts college)
  • Totally renovated guestrooms
  • Newer exterior lighting
  • New lobby, front desk and breakfast area
  • Whirlpool & family suites
  • Flat screen TV’s
  • Microwave & mini fridge in all guestrooms
  • Oversized indoor pool & spa
  • Fitness room
  • Guest Laundry
  • 100% smoke-free hotel

Contact a Broker

Dave Jones

KS
Phone: 913-499-4725