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$2,700,000
Est. payment /mo
57 Beds
34,627 SqFt
UPDATED:
Key Details
Property Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 34,627 sqft
Price per Sqft $77
Bedrooms 57
Lot Size 2.660 Acres
Property Description
Reco Real Estate Advisors is pleased to present the AmericInn by Wyndham Grinnell, a 57-key, two-story, limited-service midscale hotel positioned directly at Interstate I-80 Exit 182 in Grinnell, Iowa. The property occupies a 2.66-acre site with 34,627 square feet of improvements across two free-standing buildings, offering an indoor pool, hot tub, fitness center, complimentary hot breakfast, guest laundry, and ample paved surface parking. The asset has just completed a multi-phase Property Improvement Plan executed concurrent with the AmericInn by Wyndham reflag, returning the full 57-key inventory to service.
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.
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.
Location
State IA
County Poweshiek
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Listed by Dharam Chaudhari • Reco Real Estate Advisors | KW Realty Partners
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Dharam Chaudhari
FOUNDER | CEO | License ID: Licensed in KS,MO,IA,NE
FOUNDER | CEO License ID: Licensed in KS,MO,IA,NE