Baymont by Wyndham 5015 Ridgeway Dr 45 Room Hotel Harlan, IA 51537 $2,300,000 ($51,111/Room) 11% Cap Rate






EXECUTIVE SUMMARY
Located southeast of the Highway 59/Highway 44 intersection Area neighbors include Bomgaars, Hy-Vee, The Buck Snort Restaurant, Farm Credit Services of America, Harlan Dental, Burger King, Pizza Hut.
PROPERTY FACTS
Price | $2,300,000 |
Price Per Room | $51,111 |
Sale Type | Investment |
Cap Rate | 11% |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 2.17 AC |
Building Size | 10,885 SF |
No. Rooms | 45 |
No. Stories | 2 |
Year Built | 2008 |
Parking Ratio | 4.87/1,000 SF |
Corridor | Interior |
Zoning | C - Commercial |
AMENITIES
- Pool
- Meeting Event Space
ROOM MIX INFORMATION
DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
---|---|---|---|
Suite | 15 | $91.00 | - |
Guest Room | 30 | $81.00 | - |
1 of 1
PROPERTY TAXES
Parcel Number | 833325000292 | Improvements Assessment | $1,367,995 |
Land Assessment | $150,000 | Total Assessment | $1,517,995 |