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Hotel-Motel

Holiday Inn Express & Suites

2211 S 32nd St, Council Bluffs, IA 51501

Listing Price: $8,900,000

Cap Rate
6.62%
Number of Rooms
112
RevPAR
$71
Gross SF
155,945
Price/Room
$79,464
Price/Gross SF
$57.07
Year Built
2008

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 112-room Holiday Inn Express & Suites located in Council Bluffs, Iowa, a suburb of Omaha, Nebraska. The hotel is a three-story property built in 2008 located just off the I-29 and I-80 intersection on the outskirts of the convention center grounds. Holiday Inn Express & Suites Council Bluffs Convention Center provides the opportunity for a new owner to acquire a select-service hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the IHG name, reservation system, and loyal base of guests.

Investment Highlights

  • IHG Brand Affiliation
  • February 2023 T-12 RevPAR is Over $6 Higher than the Previous Year
  • 2022 RevPAR is Above 2021 and 2019
  • Proximate to Ameristar Casino, Horseshoe Casino, Charles Schwab Field, Creighton University, Nebraska Medical Center, Downtown Omaha, and More

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Hotel-Motel

Holiday Inn Express & Suites

Listing Price: $8,900,000

Cap Rate
6.62%
Number of Rooms
112
RevPAR
$71
Gross SF
155,945
Price/Room
$79,464
Price/Gross SF
$57.07
Year Built
2008

Investment Highlights

  • IHG Brand Affiliation
  • February 2023 T-12 RevPAR is Over $6 Higher than the Previous Year
  • 2022 RevPAR is Above 2021 and 2019
  • Proximate to Ameristar Casino, Horseshoe Casino, Charles Schwab Field, Creighton University, Nebraska Medical Center, Downtown Omaha, and More

Investment Overview

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 112-room Holiday Inn Express & Suites located in Council Bluffs, Iowa, a suburb of Omaha, Nebraska. The hotel is a three-story property built in 2008 located just off the I-29 and I-80 intersection on the outskirts of the convention center grounds. Holiday Inn Express & Suites Council Bluffs Convention Center provides the opportunity for a new owner to acquire a select-service hotel with potential to realize significant RevPAR growth through hands-on management and utilization of the IHG name, reservation system, and loyal base of guests.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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