Baymont Inn & Suites Cedar Rapids, IA

Listing Agents

Lora Simpson
T | 515.729-4516
lsimpson@paramountlodging.com

Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 57-room Baymont Inn Cedar Rapids, IA available at a significant discount to replacement cost
  • Three-story hotel with elevator situated on nearly 1.3 acres offering ample space for tractor trailer, RV, and bus parking
  • Offered unencumbered of debt and management with ability to retain the Baymont Inn flag at sale with minimal PIP anticipated
  • Recent major capital improvements completed within the last year include a brand-new roof, complete residing of the entire building, and all new exterior signage
  • Accessible from I-380, just north of Highway 30, with upwards of 90,000 vehicles passing the exit daily
  • Convenient to all local and regional demand including Hawkeye Downs Speedway & Expo Center, the Eastern Iowa Airport, and Kirkwood Community College
  • Situated within minutes of two large new development projects in SW Cedar Rapids including the massive $109MM FedEX Ground Package System warehouse and distribution center and the $139MM BAE Systems classified aerospace defense facility, both scheduled for completion in late 2022
  • Strong market recovery underway with comp set YE 2021 RevPAR outpacing 2019 by nearly 31%
Location