HREC Investment Advisors (“HREC IA”) in conjunction with Iowa Broker Fred Miehe pleased to offer to qualified investors the opportunity to acquire the fee-simple interest in the 41-guestroom Supertel Inn & Conference Center (referred to herein as the “Hotel” or “Property”). The Hotel, built in 2006, is conveniently situated just off US Highway 34 in Creston, Iowa. The Supertel Inn & Conference Center is in great physical condition and optimally located within close proximity to the area demand generators. The Hotel is located near the city’s local college, an Amtrak station, as well as an airport within 4 miles. Amenities of the Property include a business center, guest laundry facilities, meeting space, wireless high-speed internet access, complimentary breakfast, and a fitness center. Creston’s economy was originally founded around the transportation industry, and the remnants of that still exist today. Creston is located between the local airport and Amtrak station. This, in tandem with its strategic location along Highway 34, make the property’s location ideal for capturing a wide range of demand driven from area businesses as well as leisure destinations. The Property is located proximate to: Amtrak Station (1.4 miles) Southwestern Community College (2.2 miles) Creston Municipal Airport (3.2 miles) Twelve Mile Lake ( 7.0 miles)
Spirit Lake, IA
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