818-851-3314
1000 Woodbury Ave, Council Bluffs, IA for Sale
Hospitality - FOR SALE
1/6
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1000 Woodbury Ave
Council Bluffs, IA 51503


HIGHLIGHTS

  • 85 Unit, Interior Corridor Hotel
  • Underperforming Due to Poor Management with RevPAR at 50 as of Dec 2024
  • Located 5 Minutes from Downtown Omaha, Nebraska, near Interstates 29 and 80 2024 Revenue: $752,455
  • Perfect for Owner Operator with Manager's Quarters Available
  • Western Inn also for Sale by Same Owner as Package Deal - Directly Across Interstate 80

OVERVIEW

The AmericInn by Wyndham in Council Bluffs is an 85 unit, interior corridor, two story hotel, located just five minutes from downtown Omaha, along the Missouri River and near Interstate 80 and Interstate 29. As the largest city in Southwest Iowa, Council Bluffs benefits significantly from its proximity to the vibrant business and leisure hub of Omaha, Nebraska. This well-maintained hotel offers a range of amenities, including an indoor pool, RV parking, a fitness center, manager's quarters, and a business center. The manager's quarters are equipped with a kitchen and a spacious living room, located near the front desk for easy access, making it ideal for an owner to manage operations and respond to guest needs efficiently. However, the property is currently underperforming due to poor management, with the RevPAR index being 50.0, leaving major upside for a new owner to step in and manage. Council Bluffs has experienced significant economic growth over the past few decades. The city's economy has diversified through key sectors such as technology, gaming, manufacturing, and energy, all of which act as primary demand generators. One of the most influential economic demands is its technology sector, particularly the establishment of large data centers. The city's proximity to major metropolitan areas and its competitive utility rates have attracted significant investments from global technology giants. Google opened its first data center in the city in 2009, investing approximately $600 million in the project. Over time, this investment grew, expanding its operations to a total of $5 billion. This investment has had a major impact on job creations and infrastructure development, with over 300 employees working at the facility. The Seller is also selling the Western Inn which is located directly across Interstate 80 - Offers are encouraged for both hotels as a package.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

83

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AmericInn by Wyndham Council Bluffs

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

86

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

C

APN/PARCEL ID

7443-06-426-001

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.