Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the 57-room Quality Inn in Cedar Rapids, Iowa. Recently renovated, the property offers an investor the opportunity to acquire a turnkey limited-service hotel with an updated physical product and limited near-term capital requirements. The hotel is well positioned within Cedar Rapids, one of Eastern Iowa’s largest and most diversified economic centers, benefiting from demand generated by the region’s substantial corporate, manufacturing, healthcare, education, and transportation sectors. Cedar Rapids maintains a diverse economic base anchored by major employers including Collins Aerospace, CRST, Transamerica, ADM, Cargill, General Mills, Quaker Oats, BAE Systems, and other manufacturing and distribution companies. The city’s significant industrial presence creates consistent lodging demand from corporate travelers, contractors, vendors, and other business-related guests. Additional demand is generated by healthcare facilities, educational institutions, sporting events, and leisure travelers visiting the Cedar Rapids metropolitan area. The recently completed renovation positions the hotel favorably within the local competitive set, providing a buyer with an updated asset without the immediate capital requirements commonly associated with acquiring an older limited-service hotel. The property's 57-room configuration also offers an efficient operating platform with manageable staffing and operating requirements. A new owner has the opportunity to build upon the property's refreshed condition while benefiting from its established presence in the Cedar Rapids lodging market. The hotel operates under the Quality Inn brand, a well-established midscale hotel brand within Choice Hotels International. Quality Inn is designed to serve value-conscious business and leisure travelers and benefits from Choice Hotels' centralized reservation, marketing, and loyalty platforms. Choice Hotels International is one of the world's largest lodging franchisors, with a portfolio spanning thousands of hotels across numerous brands and markets. The Quality Inn affiliation provides the property with national brand recognition and access to Choice Hotels' Choice Privileges loyalty program.