Investment Overview

Marcus & Millichap is pleased to present the exclusive offering of the 55-room Quality Inn in Coralville, Iowa. This two-story hotel offers a compelling opportunity in a high-demand corridor adjacent to Iowa City. With four years remaining on the Choice Hotels franchise agreement, the asset provides brand stability and strong positioning in the midscale segment. The property has undergone significant renovations, with approximately $250,000 invested in 2022 to complete the required PIP. Upgrades include repainting of hallways and door frames, full carpet replacement, a new exterior monument sign, and a new storage shed. The hotel does not have an elevator but features stair access at both ends of the building and provides solid operational efficiency for a hands-on owner-operator or regional portfolio group. Located in a rapidly growing area, Coralville is part of the Iowa City metropolitan area and benefits from a diverse economy driven by healthcare, education, and tourism. Major demand drivers include the University of Iowa, UI Hospitals & Clinics, and the Xtream Arena, a $50 million multi-purpose venue hosting professional sports and events. The local population has grown nearly 10 percent since 2020, outpacing the national average, and new developments continue to enhance the area’s long-term demand profile. This investment represents a rare chance to acquire a stabilized, branded asset in one of Iowa’s most resilient and expanding submarkets.