Investment Overview

Marcus & Millichap is pleased to present the exclusive opportunity to acquire the Super 8 by Wyndham Clarinda, a well-maintained, 40-room hospitality asset strategically positioned in Southwest Iowa. Built in 1990, the two-story hotel offers investors an attractive combination of stable in-place cash flow and operational upside, offered at a compelling 12.0% capitalization rate and 2.7x room revenue multiplier—metrics rarely available in today’s Midwest hospitality market. The Property represents an ideal opportunity for a first-time hotel operator or regional owner seeking expansion within the economy segment. With ownership based outside the local market, the hotel offers clear upside for a more engaged operator to improve efficiencies, enhance oversight, and maximize profitability. Further supporting the investment thesis, the Property is expected to require minimal PIP obligations, creating an accessible entry point with limited near-term capital needs. Strategically positioned directly off Clarinda’s primary east-west highway, the hotel benefits from excellent visibility, convenient accessibility, and a large parcel with ample complimentary parking. The Property features amenities consistent with the economy lodging segment, including an indoor pool and whirlpool, which enhance appeal among leisure travelers and help differentiate the hotel from local competitors while supporting broader guest demand. As the county seat of Page County, Clarinda serves as a regional hub for healthcare, education, agriculture, and recreation, supporting consistent lodging demand throughout the year. Key demand drivers include Clarinda Regional Health Center, which continues to invest in facility expansion and improvements, the Clarinda campus of Iowa Western Community College, and the nationally recognized Clarinda A’s amateur baseball program, which drives seasonal visitation. The region’s agricultural economy and business activity further contribute to stable year-round occupancy. Situated approximately two hours from Des Moines, Omaha, and Kansas City, the Property benefits from convenient access to three major metropolitan areas and international airports, enhancing appeal for both regional travelers and remote ownership groups. Overall, the Super 8 by Wyndham Clarinda presents a compelling opportunity to acquire a consistently performing hospitality asset at an attractive basis, featuring a strong 12.0% cap rate, compelling 2.7x RRM, minimal anticipated PIP requirements, and meaningful upside through more hands-on operational management. Combined with its manageable scale, strong regional accessibility, established demand drivers, and differentiated amenity package, the Property is well-positioned for a first-time owner or regional operator seeking immediate cash flow and long-term value creation.