1325 Dickinson Ave | Ames, IA 50014
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- LoopNet Team
1325 Dickinson Ave
Ames, IA 50014
Lender Owned Hilton Garden Inn Ames · Hospitality Property For Sale
·
72,460 SF
INVESTMENT HIGHLIGHTS
- Fee simple interest in the receiver-managed, lender-owned 112-rooms Hilton Garden Inn Ames, IA will be sold in the April 3-5 auction event on Ten-X.
- Strong operational upside for new ownership with a property under receiver management since February 2021 and REO since September 2021.
- Minimal change of ownership PIP anticipated with $2.4MM ($21k+/key) of property renovations completed in recent years.
- Upscale select-service Hilton asset in the Big 12 university market offered at a substantial discount to replacement cost.
- Available unencumbered of management with the ability to retain the Hilton Garden Inn brand through a new relicense agreement with Hilton.
- Conveniently situated just southwest of Iowa State University at Highway 30 exit 144 with upwards of 21,000 vehicles passing the location daily.
PROPERTY FACTS
| Sale Condition | Auction Sale | Building Size | 72,460 SF |
| Type of Ownership | Fee Simple | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2008 |
| Property Subtype | Hotel | Parking Ratio | 1.28/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.08 AC | Parcel Number | 09-07-471-030 |
| Zoning | CCR | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.08 AC |
| Building Size | 72,460 SF |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 1.28/1,000 SF |
| Corridor | Interior |
| Zoning | CCR |
| Parcel Number | 09-07-471-030 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Digital key
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