Hilton Garden Inn Ames, IA

Listing Agents

Lora Simpson
T | 515.729.4516

Adam Montufar
T | 515.446.4181

Detailed Information
Property Highlights
  • Fee simple interest in the lender-owned 112-room Hilton Garden Inn Ames being sold in the April 5th auction event on Ten-X
  • Upscale select-service Hilton asset in a Big 12 university market available at a substantial discount to replacement cost
  • Strong operational upside for new ownership with property under receiver management since February 2021 and REO since September 2021
  • Offered unencumbered of management with ability to retain the Hilton Garden Inn brand through a long-term relicense agreement with Hilton
  • Limited change of ownership PIP anticipated with $2.8MM ($25k/key) of property renovations & repairs completed in recent years
  • Conveniently situated just southwest of Iowa State University at Highway 30 exit 144 with upwards of 21,000 vehicles passing the location daily
  • Proximate to all core market demand including Iowa State University (~31k students), Reiman Gardens, and Mary Greeley Medical Center
  • Within minutes of two major upcoming developments; the $200MM CYTown entertainment district and $155MM Link mixed-use project
  • Ames is located off major Interstate 35, directly north and conveniently accessible from Iowa’s largest MSA and state capital of Des Moines

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