This totally renovated Super 8 is located off I-35 & I-80, on a major intersection of Des Moines.  The property is underperforming and needs on-site, hands on ownership.  A very nice opportunity for an experienced hotelier to get into the strong Des Moines market for less than $29,000/room!  

 

Executive Summary

This 60 key, recently renovated, Super 8 is located in Urbandale (Des Moines), off heavily traveled I-35 & I-80.  The location provides easy access to downtown Des Moines, 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, the State Capital and the Outlets of Des Moines.  Annual events that bring in significant traffic to area include the following:

  • Iowa State Fair
  • World Pork Expo
  • Iowa State Wrestling Championships
  • Iowa Speedway (Indy race care track) – Newton, IA
  • Knoxville Raceway (Sprint car race track) – Knoxville, IA
  • Tulip Festival – Pella, IA

The property was totally renovated in 2018 – 2019.  Being 60 keys, it is ideal for an onsite owner, or for placing an onsite partner.  The 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, in a major hospitality market.

Des Moines area hotels do not come on the market often, especially one that is recently renovated and priced to sell at less than $29,000/room.  Please call or email for details!

Property Details

Address
5900 Sutton Place, Urbandale, IA 50322
Price
$1,700,000 
Rooms
60 
Price Per Key
$28,333 
Property Type
Limited Service 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • I-35 & I-80 location, convenient to downtown Des Moines
  • 60 keys – built in 1987
  • Absentee- owned
  • 100% Smoke-free
  • Newer Roof, Siding & Gutters – 2019
  • Completely new ADA Guestroom (down to the studs)
  • Totally renovated in 2018-2019:
    • Front Desk, Lobby & Breakfast Area
    • Carpet throughout
    • Case Goods, Flat Screen TV’s, Drapes
    • Headboards, Lamp Package, Art Package
    • Beds & Linens
    • Granite vanities
  • Indoor Pool 
  • Guest Laundry 

Contact a Broker

Dave Jones

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