Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Hampton Inn & Suites Marshalltown (‘Hotel’ or ‘Property’) located in Marshalltown, Iowa. The Hilton-branded Hotel is offered at $9,950,000 or $124,375 per key. The Hampton Inn & Suites Marshalltown is an 80-room, four-story Hotel stationed at 20 Iowa Avenue E in Marshalltown, Iowa, just off Highway 30. The midscale Hotel maintains a wide variety of common area amenities including an indoor pool, fitness center, business center, meeting room with 360 square feet of space, and 720 square feet of event space. Marshalltown, Iowa, the 16th largest city in the state, is about 72 miles west of Cedar Rapids, and is a thriving city with a diverse range of businesses and a strong sense of community. With a population of over 27,000 residents, Marshalltown offers a blend of urban amenities and small-town charm. The city's economy is driven by industries such as manufacturing, healthcare, agriculture, and education, providing ample employment opportunities for its residents. Notable landmarks in Marshalltown include the Marshall County Courthouse, Fisher Community Center, and the iconic All Veterans Memorial. Residents and visitors alike can enjoy outdoor recreation at places like Riverview Park and the Iowa River Greenbelt, while cultural attractions such as the Orpheum Theater and Grimes Farm and Conservation Center offer entertainment and educational opportunities. The Property is also located near several parks and country clubs such as Elmwood Country Club (2.9 miles), American Legion Golf Course & Lounge (2.4 miles), Wandering Creek Golf Course (3.7 miles), Morris Park (2.8 miles), and Darwin L. Judge Park (2.9 miles). Lastly, UnityPoint Health Marshalltown Hospital is less than a mile from the Property, situated just across the highway.