Executive Summary
This 2007 build Microtel Inn & Suites is located on heavily traveled I-80, less than 30 minutes from the state capital of Des Moines, IA. With excellent interstate visibility, it captures I-80 traffic as well as those travelers coming to the area to visit Adventureland Resort, Living History Farms (a 500-acre interactive outdoor history museum), Prairie Meadows Casino & Racetrack and the Outlets of Des Moines. Events that bring in significant traffic to area include the following:
- Iowa State Fair
- Iowa Speedway (Indy race care track) – Newton, IA
- Knoxville Raceway (Sprint car race track) – Knoxville, IA
- World Pork Expo
- Tulip Festival – Pella, IA
- Iowa State Wrestling Championships
Being 39 units, it is ideal for an onsite owner, or for placing an onsite partner. The original developer/owner is absentee and the operations are in need of onsite management. High employee turnover and a lack of marketing and revenue management provides a buyer with a solid opportunity to increase revenue.
If you are looking for an owner/operator hotel with upside – and close to a metropolitan area – then this listing deserves your attention!
