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Baymont Inn & Suites + Super 8

Hospitality | 138 Keys

Listing Contacts

Active

Asking Price: $5,000,000
Address 

4685 NE 14th St, Des Moines, IA 50313

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Date Added
Jan 9, 2025
Days on Market
76 days
Time Since Last Update
61 days

Details

Property TypeHospitality
SubtypeHotel
Investment TypeValue Add
Square Footage98,897
Keys138
Year Built1973
Year Renovated2021
Buildings5
Stories2
ZoningHI
OwnershipFee Simple

Marketing Description

2 property portfolio side by side on same parcel - Baymont Inn & Suites and Super 8 by Wyndham, Des Moines IA, being offered for sale.​ The properties are located off I-35/I-80 junction and Hwy 69.​ They are 2 story, interior corridor, with 138 rooms total, 74 rooms in Baymont and 64 rooms in Super 8.​ Each property includes a manager apartment.​ Baymont has a 9,500 SF restaurant currently closed, that could be leased for additional revenue.​ The properties underwent a 1.8M renovation in 2020 and 2021.​ Current franchise agreements expire in 2042.​ Interior and exterior swimming pools.​ PIP list available for new buyer.​ With consistent business and growing demand the properties are ready for new owner to continue growth.​ As per US Census Des Moines metro is still leading as fastest growing metropolitan in the Midwest.​ Des Moines has an extensive presence of international and world-class companies drawing a highly educated and productive workforce to the region.​

Investment Highlights

  • Total of 138 rooms

  • Interior and exterior swimming pools

  • Growing economy

  • Immediately off I35/I-80 and Hwy 69

  • 2 manager apartments

  • 5 miles from downtown Des Moines

  • 8 miles from Iowa Events Center

  • 11 miles from Des Moines International Airport

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Due Diligence

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Listing Contacts


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