Hotels for Sale

LEXINGTON INN & SUITES OTTUMWA, IA

Address:
Ottumwa, Iowa
Description:
  • Fee simple interest in the 61-room Lexington Inn & Suites available at a deep discount to replacement cost
  • Offered for purchase during the online Ten-X auction event on Sept. 13
  • Available unencumbered of debt and management with ability to retain the Lexington Inn & Suites flag
  • Multiple up-branding options also available allowing flexibility for new ownership
  • Significant room for improved RevPAR penetration following PIP
  • Substantial upside for hands-on owner/operator to more efficiently management expenses and quickly increase NOI margin alongside post-renovation rate growth
  • Optimal location in the heart of Wapello County along major arterial US Highway 63, a location passed by an upwards of 12,100 vehicles daily
  • Proximate to all regional demand including Indian Hills Community College, Ottumwa Regional Health Center, JBS USA Pork (Cargill), Beach Ottumwa, and the $1.5 billion Iowa Bioprocessing Center

Listing Agents

Beau Mullenix
T: 314.568.7098
Email

Adam Montufar
T: 515.446.4181
Email

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