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29146286
29146287

1111 Dodge St, Dubuque, IA 52003

BB
MN 40937896
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis
$3,200,000
146 days on market
Updated 83 days ago

Days Inn Dubuque

Details
Property Type Hospitality
Sub Type Hotel

Hospitality

Marketing description

The Days Inn in Dubuque, Iowa presents a compelling hands-on ownership opportunity with meaningful upside for an active operator. The property offers a strong value proposition at a favorable basis relative to room revenue, reflecting a motivated seller and an increasingly rare entry point for a stabilized hotel. Ownership has invested significantly into the asset since acquisition, with the property now in largely turnkey condition as the PIP is nearly complete, allowing a new owner to focus on operations rather than capital improvements. The hotel has a proven history of consistent performance and benefits from a diversified mix of demand drivers, including proximity to MercyOne and Finley Hospitals, multiple nearby colleges, and regional casinos, which collectively support steady year-round occupancy. Additional revenue potential is provided through the on-site restaurant, bar, and banquet facilities, while the asset’s size and layout offer operational efficiencies and the opportunity to further enhance performance through hands-on management and cost controls.

Investment highlights

Highlights:

  • Hands-On Ownership Opportunity: Ability to actively manage and enhance performance.

  • Strong Value Proposition: Under 2x RRM, reflecting seller's motivated position.

  • Turnkey Condition: PIP largely complete, minimal capital improvements needed for the next owner.

  • Consistent Room Revenue: Has generated over $1.6m annually.

  • Strategically situated: Minutes away from MercyOne and Finley Hospitals, multiple colleges, and local casinos, providing diverse and consistent guest traffic.

Listing Contacts

BB
MN 40937896
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis

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Additional Information

Name
Jon Ruzicka
License
IA B63379000
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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