Location: 2104 Washington St.
Price: $1,650,000
Rooms: 60
Price Per Key: $27,500
Property Type: Mid Market - Highway
Revenue: $475,000- (2007)

Description

• Newer Property- built 2002 with Excellent Cub Appeal
• Interior Corridor  
• Serta Pillow Top Mattresses
• Indoor Heated Pool   
• Firtness Center
• Whirlpool Suites 
• Keyless Entry - HSIA

Overview

If you can find a newer hotel offered at less than $30,000/key, it would be quite unusual. However, that is the case with this Baymont Inn and Suites. With the franchise conversion from Amerihost to Baymont, the revenue has increased 15% for year 2007 over year 2006. In addition, no marketing effort has occurred at this hotel. Therefore at $27,500/key, this hotel deserves close evaluation. The town of Pella, population 10,000, is approximately 35 miles from metro Des Moines and boasts over 6500 manufacturing jobs. Pella Windows, a nationally known and respected window manufacturer employs over 3700 employees. The Pella window line is rated among the highest in customer satisfaction by J.D. Powers.

 

 

The Baymont Inn and Suites represents an opportunity to purchase a very nice newer hotel, substantially below replacements cost. By establishing an aggressive market plan, we believe there is the opportunity to increase value in this property.

 

 

For Information, call Brent Jaynes (913-894-5248) or Mike Works (402-416-3522)

Contact

Brent Jaynes ~ 913-894-5252
info@leisurerealestate.com

Additonal Information

Contact Listing Broker for More Details