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Hotel-Motel

Comfort Suites Burlington

1780 Stonegate Center Dr, Burlington, IA 52601

Listing Price: $6,850,000

Cap Rate
8.40%
Number of Rooms
86
RevPAR
$79
Price/Room
$79,651
RRM
2.76
Year Built
2005

Investment Overview

Marcus & Millichap Minneapolis is proud to have been chosen as Exclusive Broker and Advisor in regard to the marketing effort of the Comfort Suites Burlington. Nestled along the heavily traveled Highway 61 and situated on the picturesque Mississippi River bank, this 2005 built and all suite upper-midscale hotel, occupies a prime spot on an expansive 5.6-acre parcel. The hotel also offers an attractive room count of 86 with sizing approximately 25% larger than the competitive set. An impressive list of modern amenities caters to a variety of travelers seeking the most in-demand options, including a complimentary hot breakfast served in a modern dining area, a heated indoor pool equipped with a whirlpool, spacious banquet space, a mini-market, an exercise room, elevators, and a business center.
Overall, this Impeccably maintained, and limited-service hotel has consistently ranked as the top-performer in its competitive set. Offering new owners streamlined opportunities and promising cash flows, it is available well below replacement cost at an attractive $76k per key and 2.76xRRM. Its underutilized banquet space also presents significant upside potential through revenue-generating leases. Having undergone extensive renovations totaling almost $4 million since acquisition, the hotel stands as an exceptionally well-groomed investment opportunity.
Adding to the value of this investment opportunity, the hotels' prominent and strategic location attract numerous visitors to the area's premier attractions. Many travelers seek destinations such as the Port of Burlington, the historic downtown district with its meticulously preserved architecture, as well as notable landmarks like Snake Alley, renowned as the "crookedest street in the world," further add to the allure. Fun City is another draw for travelers needing nearby accommodations, offering an extensive family entertainment complex complete with indoor and outdoor waterparks, bowling alleys, go-kart tracks, state-of-the-art rides, and laser tag arenas. Additionally, this hotel draws visitors with its adjacent Mississippi River location, providing ample opportunities for outdoor enthusiasts including boating, fishing, and hiking in picturesque parks like Crapo Park and Starr's Cave Park and Preserve.

Investment Highlights

  • Well Maintained, 2005 Build Limited-Service, Upper-Midscale Hotel
  • Consistent Top Performing Hotel in Comp Set Allowing New Owner Streamlined Opportunity and Cash Flows
  • Offered Well Below Replacement Cost at an Attractive $76k/key and 2.76xRRM
  • Spacious, Expansive Parcel of 8 Acres
  • Under-utilized, Spacious Banquet Space Providing Upside Opportunity with Revenue Generating Leases
  • Extremely Well Groomed Hotel With Almost $4 Million in Renovations Since Acquisition
  • Attractively boasting 86 spacious rooms, each offering sizes 25% larger than those in the competitive set.

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Hotel-Motel

Comfort Suites Burlington

Listing Price: $6,850,000

Cap Rate
8.40%
Number of Rooms
86
RevPAR
$79
Price/Room
$79,651
RRM
2.76
Year Built
2005

Investment Highlights

  • Well Maintained, 2005 Build Limited-Service, Upper-Midscale Hotel
  • Consistent Top Performing Hotel in Comp Set Allowing New Owner Streamlined Opportunity and Cash Flows
  • Offered Well Below Replacement Cost at an Attractive $76k/key and 2.76xRRM
  • Spacious, Expansive Parcel of 8 Acres
  • Under-utilized, Spacious Banquet Space Providing Upside Opportunity with Revenue Generating Leases
  • Extremely Well Groomed Hotel With Almost $4 Million in Renovations Since Acquisition
  • Attractively boasting 86 spacious rooms, each offering sizes 25% larger than those in the competitive set.

Investment Overview

Marcus & Millichap Minneapolis is proud to have been chosen as Exclusive Broker and Advisor in regard to the marketing effort of the Comfort Suites Burlington. Nestled along the heavily traveled Highway 61 and situated on the picturesque Mississippi River bank, this 2005 built and all suite upper-midscale hotel, occupies a prime spot on an expansive 5.6-acre parcel. The hotel also offers an attractive room count of 86 with sizing approximately 25% larger than the competitive set. An impressive list of modern amenities caters to a variety of travelers seeking the most in-demand options, including a complimentary hot breakfast served in a modern dining area, a heated indoor pool equipped with a whirlpool, spacious banquet space, a mini-market, an exercise room, elevators, and a business center. Overall, this Impeccably maintained, and limited-service hotel has consistently ranked as the top-performer in its competitive set. Offering new owners streamlined opportunities and promising cash flows, it is available well below replacement cost at an attractive $76k per key and 2.76xRRM. Its underutilized banquet space also presents significant upside potential through revenue-generating leases. Having undergone extensive renovations totaling almost $4 million since acquisition, the hotel stands as an exceptionally well-groomed investment opportunity. Adding to the value of this investment opportunity, the hotels' prominent and strategic location attract numerous visitors to the area's premier attractions. Many travelers seek destinations such as the Port of Burlington, the historic downtown district with its meticulously preserved architecture, as well as notable landmarks like Snake Alley, renowned as the "crookedest street in the world," further add to the allure. Fun City is another draw for travelers needing nearby accommodations, offering an extensive family entertainment complex complete with indoor and outdoor waterparks, bowling alleys, go-kart tracks, state-of-the-art rides, and laser tag arenas. Additionally, this hotel draws visitors with its adjacent Mississippi River location, providing ample opportunities for outdoor enthusiasts including boating, fishing, and hiking in picturesque parks like Crapo Park and Starr's Cave Park and Preserve.

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

  • Jake M. Erickson

    Senior Associate

    (952) 852-9721

    Email Jake

    License(s): MN: 40486025, IA: S66396000, WI: 89877-94

    Minneapolis

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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