Baymont Inn & Suites/ Super 8 Des Moines North
4685 NE 14th Street, Des Moines, IA, 50313
4,800,000
Price
11.74%
2023 Cap Rate
$34,532
Price Per Key
139
Total Rooms
$563,727
2023 NOI
2.85
2023 RRM

Investment Highlights
  • Price Reduced by $450,000
  • Absentee owner: Property is underperforming under both brands.
  • Room to improve revenues through rate management.
  • 11 Miles from Des Moines International Airport; Near many major attractions in the city.
  • Situated in a highly trafficked region of Des Moines; Near Interstate 35 and Interstate 80.
Location Summary
  • The property is located on the eastern side of NE 14th Street, right near the exit of I-35. Des Moines is home to an abundance of different types of business; however, insurance, financial services, and publishing have a large presence in the city.
  • Major attractions include the Iowa State capital with a gold-leafed dome tower, the Greater Des Moines Botanical Garden, Blank Park Zoo, Adventureland Park, and the Des Moines River.
FOR MORE DETAILS CONTACT
Sheil Stampwala
Managing Director
(714) 242-8291
sheil@tshoteladvisors.com
Lic: CA 01859094
Sudhir Tewari
Principal/Managing Broker
(714) 242-8304
sid@tshoteladvisors.com
Lic: CA 01773230
Scott Reid
ParaSell, Inc. – Broker
(949) 942-6585
scott@parasellinc.com
Lic: #PB00078916