4444 Czech Ln NE
Cedar Rapids, IA 52402
Staybridge Suites Cedar Rapids North · Hospitality Property For Sale · 58,988 SF

This four story 82 room hotel was originally built in 2001 as a Hawthorne Suites and was converted to Country Inn & Suites during July 2014. The hotel will need renovations to meet Country Inn & Suites Generation 4 franchise standards. With renovations expected, the hotel’s all suite 82 room, four story construction offers investor’s an ideal building configuration that almost all franchises desire. As a result, investors will have considerable flexibility when determining the continue under the current flag or pursue conversion opportunities to another franchise. Current ownership is looking at conversion to IHG Staybridge or completing the Generation 4 Radisson Country Inn & Suites renovation. Best Western is also interested in this property for a potential Best Western Premier conversion. Located in Linn County Iowa, the hotel is conveniently situated on the north side of Cedar Rapids visible from Interstate I-380 and is only a half a mile south of the exit 24A IA-100 providing easy access for guests. The Eastern Iowa Airport is only ten minutes away from hotel and benefits from the regional air travelers. Corporate travelers appreciate the hotel’s location in the heart of the business district, near major employers such as Rockwell Collins and all major railroads. Cedar Rapids leisure demand has remained stable with growth rates between 1% to 5% over the past ten years. The city is a thriving center for arts in eastern Iowa home to many attractions such as: Cedar Rapids Museum of Art, National Czech & Slovak Museum, the Paramount Theatre, the U.S. Cellular Center (second-largest convention center in Iowa), and is home to two four-year colleges (Coe College and Mount Mercy University). The economic growth over the past ten years is a trend that is expected to continue. The city has a longstanding reputation of fostering a strong, supportive business environment and continues to improve by streamlining processes and creating incentive programs for businesses. Cedar Rapids is ranked 19th for overall Best Run City in America and 11th in Best City Services by Wallethub. During May 2018, the city’s Monthly Unemployment Rate was 2.5%. Linn County hit a record GDP of $14.8 Billion in 2016, an increase of 25.5% and Retail Sales of $6.36 Billion, up 44.8% since 2010.