Hoff Business Advisors has offices in Iowa and South Carolina. We can be reached at www.HoffBusinessAdvisors.com, 319-499-5300 or info@HoffBusinessAdvisors.Com
Offering Price: $2,500,000 Fee Interest Location: Urban Number of Rooms: 288 Property Description: Bank Owned! Big Price Reduction! Huge Upside Opportunity to Buy at Low Cost, Only $8,681 per key, and Renovate and Market Fully to Operate As Is, OR to Renovate and Franchise. Opportunity to Increase Room and Total Revenue Through Sales of F&B and Convention, Or Increase Revenue, Including Room Sales, Through Leasing the F&B. Or May be Converted to Senior Living Facility. This Independent Hotel has an Increase of 11.5% in RevPAR in 2014 Over 2013. Convenient Location to Many Leisure as well as Corporate Demand Generators Type of Service: Full-Service Market Segment: Mid-Market Source of Business: Commercial, Leisure, Corporate, Transient, Group Convention/Meeting Space: 30,000 sq.ft. 0 rooms Common Area Amenities: Restaurant,Lounge,Indoor Pool,Exercise Room,Breakfast Area,High Speed Internet,Business Center Site Size +/-: 2.0 acres; 0 sq.ft. Year Built: 1976 Number of Buildings: 3 Number of Stories: 3 Construction Type: Concrete Interior/Exterior Corridor: Interior Last Year Renovated: 2011 For 12 mos. ending: 2014, Actual Avg. Occupancy: 31.5% Avg. Daily Rate: $55.18 Room Revenue: $2,159,471 Total Revenue: $2,757,031 Per Unit Price: $8,681 Room Revenue Multiplier: 1.2 Gross Income Multiplier: 0.9 RevPar: $21 Property Financing: All Cash, Will consider a 1031 Exchange4
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)6
Forest City, IA
Award-winning hotel. Ideal corporate retreat center, special use, or continued use as resort hotel and restaurant. $387 K gross sales. Summer 70% average occupancy rate. Winter 60% average occupancy rate. Priced below appraised value. Note: Google Map pointer, satellite and street view is incorrect (sorry, I have not been able to correct). We are located at the south end of town, and the map views are incorrect. Wooded acres could easily be developed into condos or other. Older but well-maintained. Built 1968/1970/1988. Updates. Main building containing 10 large suites, 3 smaller rooms, 2 staff apartments, and restaurant, is a beautiful A-Frame of rock and wood construction with two-story addition. 5 smaller standard rooms with decks in secondary lodging building. Large garage/storage building. $2 million replacement value on buildings. Beautiful land parcel overlooking public golf course. Property bordered by Winnebago Industries' WIT camp grounds, and, Tree Town Festival grounds attracting thousands of visitors each year. River with fishing and canoeing runs through the property, also paved hiking trails. Open year round. Winter cross-country skiing trails. Lies within city limits. FSBO Priced to sell at $1.2 million or best offer. Will consider trade for larger well-located investment property. Web pages: www.thelodgeforestcity.com Please contact by email rather than phone.
A 54 room independent motel located in northeastern Iowa. Spacious living quarters with two bedrooms and potential third bedroom. Three stall garage plus storage shed. Motel roof replacement in 2012. A second motel in same community is also available from same owner. For confidential information, contact Don Orke, Calhoun Companies, 952-831-3300.
A 36 room franchised motel located in northeast Iowa. Includes a swimming pool and spa plus a spacious meeting room. Maintenance has been exceptional and meets current franchise requirements. Complete room renovations in 2015. Building includes drive thru canopy and concrete parking lot. A second motel in same community is also available from same owner. For confidential information, contact Done Orke, Calhoun Companies, 952-831-3300.
144-room Full Service Hotel. I-80 location with 26,000 VPD.
Absentee Owned Motel and R/V park nestled among huge majestic oaks is for sale! The 3.25 acres has 10 R/V sites, an immaculate Bath house with security features, a 3/2 mobile home, a seperate office and a highly visible motel, which offers 13 rooms, including a cottage. Property is home to people who appreciate "Country Style Living" and "Family Atmosphere". Conveniently located within walking distance to a small store. Business is making money and one on-site manager is likely to stay. Motivated sellers. Call today to learn more, please refer to our listing number #74140626 and ask for DAWN MARIE CROWN.
Beautiful grand looking farm house on major highway is only a few miles from a regional retail hub city. Buyer could continue operation as bed and breakfast or use as a home with a stable for horses or rent out one or two of the two farm houses on this property sitting on 4 acres.
Motel is located in the SW Iowa County Seat Community of Audubon, IA. The property consists of two buildings face to face with at door parking. There are 15 nicely decorated motel rooms of which 6 are singles & 9 are doubles. All rooms are on the ground level and have mini-refrigerators and microwaves available. The owners live on-site and have made numerous improvements including the remodeling of what was once office space into a nice apartment which is currently occupied by a family member. The property has great curb appeal, easy visibility with frontage on a busy US Highway.
Looking for a property that is totally up and running!! This 3 story brick Historic Hotel was built in 1875. The majestic entry into the lobby is breathtaking. The reception area is very impressive with the fireplace and furnishings. The Hotel provides 17 rooms with tastefully decorated in teh Victorian decore with valuable antique bedroom sets as well as acccent pieces expressing the time period. All rooms have their own controlled heating and cooling as well as bathrooms. Digital TV and the large suites with jacuzzi tubs and all decorated the period look. The Hotel is handicapped accessable to the 3rd floor only but the new elevator will take you there. Thenks to the City of Maquoketa providing the Hotel with a forgivable loan to purchase the elevator and the loan will be transferred to the new owner at closing. New decorative lighting in Lobby as well as in dining area for atmosphere. New Laundry facilities on second floor. The exquisite staircase is the original staircase built out of area walnut trees and absolutely breathtaking. The restaurant dining area meets the needs of large groups as well as quaint booths for parties of two providing you with a fine dining atmosphere with a fireplace and white linens. The kitchen has been remodeled with almost all new equpment for cooking. The lobby offers a small room that can be a gift shop etc. The Pub is located in the lower level with an outside entrance or inside entrance from the lobby and it is fully equiped with 3 TV's and 1 huge screen TV for sports night. This Hotel is listed ont he National Historic Registry. Many tour groupls place ti on their list as a great destination stop. The hotel also has a 1500 sq ft apartment on 3rd floor with a large kitchen with gas stove, refrigerator, and two lareg bedrooms with a great living room, dining room area. If you are looking for a turn key business with everything up and running then it is the investment for you. Is has great community support and is absolutely breathtaking when you walk inside. As people say it is a Diamond in the Ruff. Call for details.
A 43 room independent motel located in southwestern Iowa. A package of four motels within 50 miles and owned by same family is available. Contact Don Orke at Calhoun Companies, 952-831-3300.
A 52 room independent motel located in southwestern Iowa. A package of four motels within 50 miles and owned by same family is available. Contact Don Orke at Calhoun Companies, 952-831-3300.
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