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33460399
33460408

1111 Dodge St Hwy 20, Dubuque, IA 52003

JR
IA B63379000, MN MN 40583288 (+4)
Marcus & Millichap - Minneapolis
BB
MN 40937896
Marcus & Millichap - Minneapolis
Listed by Marcus & Millichap - Minneapolis
$2,895,000
4 days on market
Updated 4 days ago

Days Inn Dubuque

Details
Property Type Hospitality
Sub Type Hotel
Keys 162
Year Built 1961
Acreage 7.530

1.6x ROOM REVENUE HOTEL| Substantial Price Reduction| Economy Tier in Dubuque IA| Under $3mi

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire the Days Inn by Wyndham Dubuque, a 162-room, select-service hotel situated on 7.53 acres in Dubuque, Iowa. The Property presents a compelling value-add opportunity for an investor seeking to capitalize on operational improvements and market repositioning in one of eastern Iowa’s key regional hubs.

The Hotel is being offered at an attractive 1.67X RRM and approximate 8.0% cap rate, presenting investors with a compelling basis relative to historical operating performance. With consistent annual room revenue exceeding $1.75 million and an attractive price-per-key of $17,870, the Property offers meaningful upside potential through revenue optimization, improved operational efficiencies, and strategic management by an active owner-operator.

The Days Inn by Wyndham Dubuque represents an exceptional investment opportunity in the economy lodging segment, offered well below 2x RRM following a substantial price reduction. With the majority of improvements already completed and minimal PIP anticipated, the Hotel presents a largely turnkey opportunity for a hands-on operator to drive revenue growth, improve operating margins, and unlock long-term value. As a 162-room flagged hotel available for under $3 million in the Dubuque market, the Property offers significant scale and upside at an attractive basis.

Investment highlights

  • Priced Well Below 2X RRM - Attractive Basis With Strong Upside Potential Relative To Revenue Performance.

  • Hands-On Ownership Opportunity - Ideal For An Active Operator To Drive Revenue Growth And Improve Margins.

  • Turnkey Asset With Minimal Pip Required - Majority Of Improvements Complete, Limiting Near-Term Capital Needs.

  • Consistent Revenue Generation - Property Has Produced Over $1.75M In Annual Room Revenue.

Listing Contacts

JR
IA B63379000, MN MN 40583288 (+4)
Marcus & Millichap - Minneapolis
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
Name
Jon Ruzicka
License
B63379000
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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