
2210 West St S
Grinnell, IA 50112-8108
- 57 Beds
- 34,627 SqFt
- 2.66 Lot Size
- - Year Built
The Grinnell submarket draws stable, non-discretionary lodging demand from three of central Iowa's most established institutional employers. Grinnell College, a private liberal arts institution founded in 1846, operates with approximately 1,700 students and 1,583 employees and consistently ranks among the top U.S. liberal arts colleges — generating year-round parent, alumni, athletic, and recruiting-season travel. Grinnell Mutual Reinsurance is headquartered in the community with approximately 769 employees serving 17 states. Brownells Inc., the world's leading source for firearms parts and accessories, has been headquartered in Grinnell since 1939 and serves commercial, law-enforcement, and military customers globally.
The subject property is one of a limited number of branded midscale hotels serving the I-80 corridor between Des Moines (55 miles west) and Iowa City (55 miles east), and is positioned for sustained occupancy and rate performance as demand drivers continue their normal seasonal patterns without new room dilution.
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INVESTMENT SUMMARY
The AmericInn by Wyndham Grinnell is a 57-key, branded midscale hotel positioned at I-80 Exit 182 in central Iowa, offered on a turnkey basis following the completion of PIP. The property serves a stable demand base anchored by Grinnell College (1,583 employees), Grinnell Mutual Reinsurance (769 employees), and Brownells Inc. (world headquarters) — three institutional employers that generate non-discretionary, year-round lodging demand.
The opportunity is enhanced by structural market characteristics: the Iowa Southeast submarket has zero rooms under construction, eliminating new-supply competitive risk, while the subject property has demonstrated meaningful post-PIP rate recovery with year-to-date 2026 ADR up 16.0% versus the comparable 2025 period. A credit-worthy hospitality operator inherits a refreshed product, an assumable franchise on the AmericInn by Wyndham flag, and a clean operational platform.
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PROPERTY DETAIL
Key Details
Property Type Hospitality
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 34, 627 sqft
Price per Sqft $80
Bedrooms 57
Lot Size 2.660 Acres
Location
State IA
County Poweshiek
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