Hotels for Sale

Motel 6 Cedar Rapids, IA

Address:
Cedar Rapids, Iowa
Description:
  • Fee simple interest in the institutionally owned and operated Motel 6 Cedar Rapids, IA (#1485) priced at a substantial discount to replacement cost
  • Property offers 48 total guest rooms and also includes a two-room manager’s apartment onsite
  • Available unencumbered of management with an ability to retain the Motel 6 flag via a long-term franchise agreement
  • Sale includes excess land for hotel expansion or other income-producing commercial use (2.27 total acres)
  • Strong operational upside with asset transitioning out of a corporate management structure to a more traditional owner/operator model
  • Located adjacent to I-380 at the 33rd Ave. SW exit, a location passed by upwards of 59,000 vehicles daily
  • Ideally situated in the heart of Iowa's "Creative Corridor" and convenient to all regional demand; including the National Czech & Slovak Museum, U.S. Cellular Center, Hawkeye Downs Speedway & Expo Center, Kirkwood Community College, and the Eastern Iowa Airport

Listing Agents

Adam Montufar
T: 515.446.4181
Email

Subu Thiagarajan
T: 510.205.7931
Email
BRE #01891134

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