Increasing revenue (T-12 $410K)!  This renovated Super 8 is located just 30 miles east of Des Moines on I-80.  This original developer/owner property is absentee-operated and is a very nice opportunity for an owner/operator or as an addition to one’s portfolio!

Executive Summary

This recently renovated Super 8 is located on heavily traveled I-80, within 30 miles east from the state capital of Des Moines, IA.  Newton has a population of 15,000 and is home to major businesses such as TPI Composites, Trinity Structural Towers, MercyOne Medical Center and Rock Communications.  Newton is also the county seat of Jasper County, providing a steady amount of government business.  Grinnell College, a 4-year private liberal arts college (enrollment 1700), is a short drive from the hotel.

While I-80 brings a great deal of traffic to the property, demand generators include nearby 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 43 units, it is ideal for an onsite owner, or for placing an onsite partner.  The original developer/owner is absentee and there is a potential to convert two rooms into a very nice living quarters (full kitchen already in place).

If you are looking for an owner/operator hotel that has recently been renovated – and close to a metropolitan area – then this listing deserves your attention!

Property Details

Address
1635 S 12th Ave W, Newton, IA 50208
Price
$1,300,000 
Rooms
43 
Price Per Key
$30,233 
Property Type
Limited Service - Interstate 
Revenue
$410,000 (T-12) 
Website
 

Hotel Description

  • I-80 location
  • 43 keys – built in 1989
  • Original developer/owner
  • Absentee- owned
  • 100% Smoke-free
  • NEW Steel Roof – 2020
  • Newer Carpet throughout
  • Newer Case goods
  • Newer Headboards/art
  • Newer Beds
  • NEW Lamp package
  • Granite vanities
  • Newer hot water heaters and washer
  • Potential for a 2 bay living quarters (Full Kitchen already in place)

Contact a Broker

Dave Jones

13000 W 87th St. Pkwy, Suite 108
Lenexa, KS 66215
Phone: 913-499-4725