Executive Summary
This Comfort Inn represents all the attributes of a superior hotel investment….that is, high revenue, superior net income, a highway location and the market leader in a stable hospitality market. Oskaloosa is located just an hour from Des Moines and is the home to William Penn University, a private, well-known 4-year university. Major businesses such as Musco Corporation, Clow Valve Company, Oskaloosa Food Company and Mahaska Health Partnership also contribute to the hospitality demand. Local attractions include Southern Iowa Raceway, Knoxville Raceway and the Pella Tulip Festival.
This 59-unit, 2-story, interior corridor property has received many upgrades, including textured walls and bedding in all guestrooms, digital PTAC units, a remodeled lobby and breakfast area and a newer roof (2013). Guests enjoy amenities such as an indoor pool and fitness room, guest laundry and flat screen TV’s.
In closing, this Comfort Inn provides superior room revenue, cash flow, a college town location, and is the market leader. For these reasons, it would be worth making a trip to central Iowa.
