Services - Hotels & Other Lodging | Services - Other Travel & Transportation

Asking Price	$700,000	Inventory
Gross Income	Not Disclosed	Real Estate	$700,000*
Cash Flow	Not Disclosed	Year Established	N/A
FF&E	N/A	Employees	N/A

* included in the asking price

** not included in the asking price

Hospitality Sales Group has been retained to market for sale approximately 4 acres of prime development property in Newton, Iowa. The property market and proximity to local demand generators make this location a prime spot for a Best Western Hotel with waterpark features. This New Project Could Include: * New construction hotel with upper mid-scale amenities * Fresh and modern design with plenty of inviting public space * Featuring breakfast area, bar, business center, fitness facility, media center and board room. * Pool area with waterpark features will attract families and generate leisure travel demand Located on I-70 just east of Des Moines, Iowa. The location is just 6 miles from the Iowa Speedway, which hosts 9 NASCAR races each year. There is also a sprint car race track nearby in Knoxville which hosts racing from April through September each year. Horse racing and casinos can be found within 20 miles of the hotel and a 4-year college is located just 18 miles away in Grinell. *Best Western branding subject to accepted membership application.

Competition: Just outside of Des Moines, IA...will be the first new construction hotel on the exit in 15 years.