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Hotel-Motel

Grand Harbor Resort & Waterpark

350 Bell St, Dubuque, IA 52001

Listing Price: $10,900,000

Cap Rate
3.00%
Number of Rooms
193
RevPAR
$77
Price/Room
$56,477
RRM
2.00
Year Built
2002

Investment Overview

Asset Summary
Asset Type: Full-Service Hotel with Indoor Waterpark

Room Count: 193 guest rooms and suites in ten configurations

Location: Premier waterfront location in the Port of Dubuque

Features & Amenities

25,000 SF Indoor Waterpark

Tony Roma’s Restaurant with river views

Event & Meeting Rooms: Platinum A/B, Corporate Lounge

Arcade, Laser Maze, Fitness Center

Complimentary Airport Shuttle, Parking, WiFi

Connected to the Grand River Center

Operational Highlights
Top Clients: Special Olympics, Twilight River Cruises, Quality Liquid Feeds, Edward Jones, John Deere

Group Business Strength: Consistent repeat bookings with established organizations

Average Daily Rate (ADR): ~$90–$190+ depending on room type

Occupancy Performance:

YTD Occupancy: 46.5% (2024 actual); 50.0% (2025 forecast)

Room Revenue Leaders:

Diamond Host & Comp: $198K+

Special Olympics: 782 nights booked YTD

Investment Highlights

  • Total Revenue Above $8Million | OFFERING Priced @ 2.00x Room Revenue
  • Motivated Seller
  • Capex Needed Upon Transfer
  • Up to a 75 year Extension for Land Lease On the Table

Exclusively Listed By

  • Jake M. Erickson

    First Vice President Investments

    (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

Financing By

Hotel-Motel

Grand Harbor Resort & Waterpark

Listing Price: $10,900,000

Cap Rate
3.00%
Number of Rooms
193
RevPAR
$77
Price/Room
$56,477
RRM
2.00
Year Built
2002

Investment Highlights

  • Total Revenue Above $8Million | OFFERING Priced @ 2.00x Room Revenue
  • Motivated Seller
  • Capex Needed Upon Transfer
  • Up to a 75 year Extension for Land Lease On the Table

Investment Overview

Asset Summary Asset Type: Full-Service Hotel with Indoor Waterpark Room Count: 193 guest rooms and suites in ten configurations Location: Premier waterfront location in the Port of Dubuque Features & Amenities 25,000 SF Indoor Waterpark Tony Roma’s Restaurant with river views Event & Meeting Rooms: Platinum A/B, Corporate Lounge Arcade, Laser Maze, Fitness Center Complimentary Airport Shuttle, Parking, WiFi Connected to the Grand River Center Operational Highlights Top Clients: Special Olympics, Twilight River Cruises, Quality Liquid Feeds, Edward Jones, John Deere Group Business Strength: Consistent repeat bookings with established organizations Average Daily Rate (ADR): ~$90–$190+ depending on room type Occupancy Performance: YTD Occupancy: 46.5% (2024 actual); 50.0% (2025 forecast) Room Revenue Leaders: Diamond Host & Comp: $198K+ Special Olympics: 782 nights booked YTD

Exclusively Listed By

  • Jake M. Erickson

    First Vice President Investments

    (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

Financing By

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