$ 1 $ 0

4950 NE 14th St #Quality Inn

Des Moines, IA 50313-2033

  • 52 Beds
  • 1.19 Lot Size
  • 2000 Year Built
PROPERTY OVERVIEW

• 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

Listed by Dharam Chaudhari of Reco Real Estate Advisors | KW Realty Partners

PROPERTY DETAIL

  • Key Details

    Sold Price $1

    Property Type Hospitality

    Listing Status Sold

    Purchase Type For Sale

    Sold Date 09/24/24

    Bedrooms 52

    Year Built 2000

    Lot Size 1.194 Acres

  • Location

    State IA

    County Polk

CONTACT

Dharam Chaudhari
Dharam Chaudhari

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