Hotel Real Estate

Clayton County, IA
Clayton County

Asking Price: Annual Revenue:
$235,000 $70,000

Services: Hotel, Motel, Lodging

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RE: Hotel Real Estate Broker: Michael Rooney

Quick Facts

Asking Price: $235,000
Annual Revenue: $70,000
Net Profit: Not Disclosed
Cash Flow: $37,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $235,000
Year Established: 1902
Employees: 3
BBN Listing #: 8774955
Broker Reference #: 5003-13645

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Business Overview:

This is a great opportunity to own the hotel Real Estate only. The hotel currently has 16 total rooms to rent. There are 11 daily rooms and 5 apartments with longer term tenants. The hotel has a large and a small banquet facility a fully equipped bar and restaurant that are not included in the sale of the hotel real estate however, they can be purchased separately. The seller will entertain a lease back arrangement for the bar and restaurant from the successful buyer.

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Property Features and Assets:

This a great opportunity to own a building that is listed on the National Register of Historical places in Iowa. Building has been renovated but still holds all the charm of a historical building. The rental properties have been updated and hotel has several of the rooms remodeled. Hotel has 16 rooms with 11 rooms for daily rental along with 5 rooms currently used as apartments. Property also has a commercial lease unit hosting a consumer service business. Assets=$235,000

Market Competition and Expansion:

This hotel is the only hotel in the area. Hotel offers restaurant and bar services for its guests setting it apart from most hotel in a large area. Hotel could be listed on AirBnB along with additional marketing to the festivals held in the area. Banquet facilities are underutilized at the moment but could be a good source of additional income.

Reason for Selling:

Owner is retiring after 27 years.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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