Hotel-Motel
Baymont by Wyndham Cedar Rapids
720 33rd Ave SW, Cedar Rapids, IA 52404
Listing Price: $3,600,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the 57-room Baymont by Wyndham in Cedar Rapids, Iowa. The property presents an attractive opportunity to acquire a recently renovated hotel operating under the established Baymont by Wyndham brand, offering a buyer the ability to acquire a turnkey asset with limited near-term capital requirements. The property benefits from its location within Cedar Rapids, one of Eastern Iowa’s largest and most diversified economic centers, with demand supported by aerospace, manufacturing, food processing, logistics, healthcare, education, and corporate travel.
The Cedar Rapids market is home to a substantial concentration of nationally recognized employers, including Collins Aerospace, CRST, Transamerica, ADM, Cargill, General Mills, Quaker Oats, Whirlpool, BAE Systems, and International Paper. The region’s strong manufacturing and industrial base generates consistent business travel and workforce-related lodging demand, while the city’s healthcare, education, and corporate sectors provide additional sources of overnight demand. Cedar Rapids is also recognized as one of North America’s leading food ingredient and bioprocessing centers and is home to nearly 300 manufacturing facilities.
The property’s recent renovation significantly enhances its competitive position within the local limited-service lodging market. With the major renovation work recently completed, a new owner can benefit from an updated physical product while minimizing the immediate capital expenditure typically associated with acquiring an older hotel. The 57-room scale also provides an efficient operating platform, with the potential for a hands-on owner-operator to capitalize on the property’s manageable size and established market presence.
The hotel operates under the Baymont by Wyndham brand, a midscale lodging franchise within Wyndham Hotels & Resorts. Baymont was established in 1973 and is positioned toward business and leisure travelers seeking comfortable accommodations and value-oriented amenities. As of December 31, 2025, the brand had 558 hotels across North America and Latin America. Wyndham Hotels & Resorts currently encompasses more than 8,000 hotels across 25 brands in approximately 95 countries, providing franchisees with access to a substantial global distribution platform and Wyndham Rewards loyalty program.
Baymont by Wyndham Cedar Rapids
Investment Highlights
- Recently Renovated 57-Room Hotel - Recently completed renovations provide an updated guest experience while minimizing near-term capital expenditure requirements.
- Established National Franchise - Baymont by Wyndham affiliation provides national brand recognition, centralized reservations, marketing, and access to Wyndham Rewards.
- Diversified Cedar Rapids Demand Base - Benefits from demand generated by the city's substantial aerospace, manufacturing, healthcare, corporate, and logistics sectors.
- Turnkey Acquisition Opportunity - Recently renovated physical product combined with a manageable 57-room footprint creates an efficient platform for an owner-operator or investor.
Listing Price: $3,600,000
Investment Highlights
- Recently Renovated 57-Room Hotel - Recently completed renovations provide an updated guest experience while minimizing near-term capital expenditure requirements.
- Established National Franchise - Baymont by Wyndham affiliation provides national brand recognition, centralized reservations, marketing, and access to Wyndham Rewards.
- Diversified Cedar Rapids Demand Base - Benefits from demand generated by the city's substantial aerospace, manufacturing, healthcare, corporate, and logistics sectors.
- Turnkey Acquisition Opportunity - Recently renovated physical product combined with a manageable 57-room footprint creates an efficient platform for an owner-operator or investor.
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the 57-room Baymont by Wyndham in Cedar Rapids, Iowa. The property presents an attractive opportunity to acquire a recently renovated hotel operating under the established Baymont by Wyndham brand, offering a buyer the ability to acquire a turnkey asset with limited near-term capital requirements. The property benefits from its location within Cedar Rapids, one of Eastern Iowa’s largest and most diversified economic centers, with demand supported by aerospace, manufacturing, food processing, logistics, healthcare, education, and corporate travel. The Cedar Rapids market is home to a substantial concentration of nationally recognized employers, including Collins Aerospace, CRST, Transamerica, ADM, Cargill, General Mills, Quaker Oats, Whirlpool, BAE Systems, and International Paper. The region’s strong manufacturing and industrial base generates consistent business travel and workforce-related lodging demand, while the city’s healthcare, education, and corporate sectors provide additional sources of overnight demand. Cedar Rapids is also recognized as one of North America’s leading food ingredient and bioprocessing centers and is home to nearly 300 manufacturing facilities. The property’s recent renovation significantly enhances its competitive position within the local limited-service lodging market. With the major renovation work recently completed, a new owner can benefit from an updated physical product while minimizing the immediate capital expenditure typically associated with acquiring an older hotel. The 57-room scale also provides an efficient operating platform, with the potential for a hands-on owner-operator to capitalize on the property’s manageable size and established market presence. The hotel operates under the Baymont by Wyndham brand, a midscale lodging franchise within Wyndham Hotels & Resorts. Baymont was established in 1973 and is positioned toward business and leisure travelers seeking comfortable accommodations and value-oriented amenities. As of December 31, 2025, the brand had 558 hotels across North America and Latin America. Wyndham Hotels & Resorts currently encompasses more than 8,000 hotels across 25 brands in approximately 95 countries, providing franchisees with access to a substantial global distribution platform and Wyndham Rewards loyalty program.
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