Hotel-Motel
Des Moines MSA Absentee Owned Renovated Limited Service Hotel
Main St, Des Moines, IA 50315
Listing Price: $3,500,000
Cap Rate
0.80%
Number of Rooms
63
RevPAR
$45
Price/Room
$55,556
RRM
3.36
Year Built
1998
Investment Overview
1
Des Moines MSA Absentee Owned Renovated Limited Service Hotel
Investment Highlights
- Value-Add Opportunity Through Hands-On Ownership - Absentee Ownership Creates Immediate Upside for an Active Investor to Drive Revenue and Operational Performance
- Minimal Transfer PIP Obligations Expected – Hotel Has Been Renovated to the Brand's Most Recent Standards, Limiting Near-Term Capital Exposure
- Underperforming Asset With Clear Upside - Ranked 5 Out of 7 in STR Comp Set for RevPAR, Indicating Significant Opportunity to Improve Market Share
- Strategic Location in the Des Moines MSA – Ideally Situated in a Growing Suburb With Direct Access to I-35 and Strong Regional Connectivity
- Proximity to Major Corporate Demand Drivers – Nearby Employers Include John Deere, Casey's HQ, and Manufacturing and Distribution Hubs
- Strong Market Fundamentals in Des Moines - The MSA Shows Steady Growth in Occupancy, ADR, and RevPAR, With Resilient Post-Pandemic Recovery
- Major University and Event Demand Drives Year-Round Occupancy – Students, Families, Tournaments, Fairs, and Community Events Support Consistent Leisure and Group Traffic
Hotel-Motel
Des Moines MSA Absentee Owned Renovated Limited Service Hotel
Listing Price: $3,500,000
Cap Rate
0.80%
Number of Rooms
63
RevPAR
$45
Price/Room
$55,556
RRM
3.36
Year Built
1998
Investment Highlights
- Value-Add Opportunity Through Hands-On Ownership - Absentee Ownership Creates Immediate Upside for an Active Investor to Drive Revenue and Operational Performance
- Minimal Transfer PIP Obligations Expected – Hotel Has Been Renovated to the Brand's Most Recent Standards, Limiting Near-Term Capital Exposure
- Underperforming Asset With Clear Upside - Ranked 5 Out of 7 in STR Comp Set for RevPAR, Indicating Significant Opportunity to Improve Market Share
- Strategic Location in the Des Moines MSA – Ideally Situated in a Growing Suburb With Direct Access to I-35 and Strong Regional Connectivity
- Proximity to Major Corporate Demand Drivers – Nearby Employers Include John Deere, Casey's HQ, and Manufacturing and Distribution Hubs
- Strong Market Fundamentals in Des Moines - The MSA Shows Steady Growth in Occupancy, ADR, and RevPAR, With Resilient Post-Pandemic Recovery
- Major University and Event Demand Drives Year-Round Occupancy – Students, Families, Tournaments, Fairs, and Community Events Support Consistent Leisure and Group Traffic
Investment Overview
1
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