1520 10th Ave N, Humboldt, IA 50548 For Sale

Conveniently situated with immediate access to US 169, the property benefits from strong connectivity to regional demand drivers. Current ownership has completed a variety of recent capital improvements and renovations, resulting in minimal expected change of ownership PIP requirements and reducing near term capital needs for a new investor. The hotel is operated by an out of state ownership group, creating significant upside through a more hands on management approach that can drive increased operational efficiencies, top line revenue growth, and enhanced overall profitability. Revenues have continued to increase year over year, supported by consistently strong guest reviews across major online platforms. Additionally, a new owner has the opportunity to convert one existing guest room into on site living quarters, reducing off site housing costs. Overall, this represents an excellent opportunity to acquire a renovated, well performing asset without the burden of significant brand required improvements.