Executive Summary
$100,000 Price Reduction!!
The town of Pella, Iowa – population 10,300 – is approximately 35 miles from metro Des Moines and boasts over 6500 manufacturing jobs. Pella Corp., a nationally known and respected window manufacturer, employs over 2400 employees. The Pella window line is rated among the highest in customer satisfaction by J.D. Powers. Other area employers include Vermeer Corp. and Pella Regional Health Center (cutting edge surgical robotics team, family clinics, exceptional maternity units and award-winning patient care).
This very well maintained Super 8 is an ideal opportunity for an owner-operator with its 38 units. It is a 2018 Pride of Super 8 and TripAdvisor Certificate of Excellence Award Winner. Many improvements have been made to the hotel, including newer LED flat screen TV’s, beds, top of bedding and guestroom light package. Also, newer carpet and paint throughout the hotel, plus an updated breakfast area and lobby, are appreciated by guests. There is also a very nice, 2-room living quarters.
In addition to Pella having a solid manufacturing and agricultural background, demand generators include Central College, a 4-year liberal arts college with enrollment of 1500. Lake Red Rock is a short drive and is Iowa’s largest lake. The Pella Sports Park and Soccer Complex host a variety of baseball, softball and soccer tournaments annually. And Pella Tulip Time ((http://www.pella.org/visit-pella/tulip-time/) is an annual event that draws national attention.
If you are looking for a well-maintained hotel with increasing revenue and net income, the Super 8 Pella should be on your list of hotels to explore.
