Second Price Reduction!  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.  Property also qualifies for an Auto Transfer within the Best Western system!

Executive Summary

Another Price Reduction!!

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
$2,760,000 
Rooms
58 
Price Per Key
$47,586 
Property Type
Limited Service - Interstate 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • Second Price Reduction!
  • Offered at less than $48,000/room!
  • 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