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Hotel-Motel

Best Western Plus Steeplegate Inn

100 W 76th St, Davenport, IA 52806

Listing Price: $7,000,000

Cap Rate
1.10%
Number of Rooms
118
RevPAR
$34
Gross SF
58,900
Price/Room
$59,322
RRM
4.72
Price/Gross SF
$118.85
Year Built
1984

Investment Overview

Marcus & Millichap has been chosen to exclusively offer for sale the Best Western Plus Steeplegate Inn, a two-story full service hotel located at the crossroads of Interstate 80 and U.S. Route 61. The hotel consists of 118 interior corridor rooms with close proximity to several attractions and businesses within the Quad Cities Metropolitan Area. Amenities include a heated indoor pool & spa, spacious atrium, outdoor patio with seating, fitness center, complimentary breakfast buffet and complimentary airport shuttle. Business amenities include a business center and more than 8,200 square feet of meeting space. Each guest room is equipped with a flat-screen TV, work desk with lamp, refrigerator and microwave. Select suites include a jetted tub.

Investment Highlights

  • Well-Maintained Property | Renovated in 2018
  • Excellent TripAdvisor Reviews | Certificate of Excellence Recipient
  • Within Minutes of the Mississippi River & Davenport Municipal Airport
  • Short Drive to Employers such as John Deere, UPS, LaZBoy, PB Leiner & Ryerson
  • Ideally Located Along Interstate 80, Minutes from the Mississippi River
  • Located in the Quad Cities Metro | 37M People in a 300-Mile Radius

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Hotel-Motel

Best Western Plus Steeplegate Inn

Listing Price: $7,000,000

Cap Rate
1.10%
Number of Rooms
118
RevPAR
$34
Gross SF
58,900
Price/Room
$59,322
RRM
4.72
Price/Gross SF
$118.85
Year Built
1984

Investment Highlights

  • Well-Maintained Property | Renovated in 2018
  • Excellent TripAdvisor Reviews | Certificate of Excellence Recipient
  • Within Minutes of the Mississippi River & Davenport Municipal Airport
  • Short Drive to Employers such as John Deere, UPS, LaZBoy, PB Leiner & Ryerson
  • Ideally Located Along Interstate 80, Minutes from the Mississippi River
  • Located in the Quad Cities Metro | 37M People in a 300-Mile Radius

Investment Overview

Marcus & Millichap has been chosen to exclusively offer for sale the Best Western Plus Steeplegate Inn, a two-story full service hotel located at the crossroads of Interstate 80 and U.S. Route 61. The hotel consists of 118 interior corridor rooms with close proximity to several attractions and businesses within the Quad Cities Metropolitan Area. Amenities include a heated indoor pool & spa, spacious atrium, outdoor patio with seating, fitness center, complimentary breakfast buffet and complimentary airport shuttle. Business amenities include a business center and more than 8,200 square feet of meeting space. Each guest room is equipped with a flat-screen TV, work desk with lamp, refrigerator and microwave. Select suites include a jetted tub.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

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