Days Inn Dubuque
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.
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