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Off Market
1/17

4950 E 14th St
Des Moines, IA 50313


HIGHLIGHTS

  • 52-key Quality Inn, Recently Renovated
  • Prime location corner of Hwy 69 and I-80, first exit into Des Moines
  • Interior corridor Property with Elevator
  • Des Moines population growing over $211, 000
  • Built in 2000

OVERVIEW

INVESTMENT SUMMARY • Well-maintained property: Opened in 2000, the 52-key Quality Inn has benefited from ongoing capital improvements by the current owner, ensuring excellent condition. • Unencumbered management: The hotel presents compelling opportunities to improve market RevPAR penetration and increase NOI. • Strategic location: Directly located off busy, high-flow I-80, the hotel is the first highway exit as travelers enter Des Moines, Iowa. • Interior corridor hotel: The three-story property features an interior corridor layout, providing guests with added security and convenience. • Strong RevPAR growth: The Des Moines CBD/North hotel submarket has experienced an impressive 25.1% increase in twelve-month average RevPAR. • Thriving local economy: Top companies such as Wells Fargo, Fidelity & Guaranty Life, and Wellmark Blue Cross Blue Shield have headquarters in Des Moines, driving demand for accommodations. • Cultural events: Des Moines hosts numerous acclaimed events throughout the year, generating additional business for the property. • High traffic volume: The hotel's proximity to Interstate 80, with over 80,000 travelers per day, ensures consistent demand Please click here to get more information: https://www.reco.realestate/listing-detail/1147776584/4950_NE_14th_St-Des_Moines-IA

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Quality Inn Des Moines

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

28065

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

54

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-2

APN/PARCEL ID

110-06475404000