Historical Hotel & Motel Sale Listing - Baymont Inn & Suites

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Baymont Inn & Suites

200 6th Street, Coralville, IA 52241

N/A

103 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
103
Building Size:
48,631 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
9.06%
Average Daily Rate:
$67
RevPAR:
$35
No. Stories:
3
Year Built:
2000
Corridor:
Interior
Lot Size:
2.30 AC
Listing ID
15463915
Last Updated
over 1 year ago

Highlights

  • 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)

Description

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.

Map of 200 6th Street, Coralville, IA 52241 (Johnson County)

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