200 6th Street
Coralville, IA 52241 ·
103 Rooms · Hotel & Motel For Sale
Baymont Inn & Suites
|Price||N/A||Average Daily Rate||$67|
|Building Size||48,631 SF||No. Stories||3|
|Property Type||Hotel & Motel||Year Built||2000|
|Property Sub-type||Economy/Limited Service||Corridor||Interior|
|Property Use Type||Investment||Lot Size||2.30 AC|
|Listing ID: 15463915||Date Created: 12/03/2007||Last Updated: 04/22/2008|
NOTE: ALL HOTEL TOURS MUST BE ARRANGED THROUGH MARCUS & MILLICHAP
103 room, interior corridor, limited service hotel. Constructed in 2000. Converted to Baymont in 2005 - all PIP items completed.
Located within minutes of University of Iowa.
Coralville and adjoining Iowa City have a population of 139,000. The hotel is within minutes driving time from the University of Iowa (30,000 students), the VA Medical Center and the University of Iowa Hospital. The hotel enjoys premium rates from football weekends and other school functions. The hotel is used for extended stay by patients undergoing medical care at the nearby hospitals.
- Located within minutes of the University of Iowa
- Premium rates for football weekends and other University functions.
- Current owner has taken passive role in operation of hotel. Opportunity for hands on operator to increase revenues and reduce expenses
- Converted to Baymont Inn & Suites in 2005 (PIP completed)
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