Sleep Inn & Suites Mount Vernon, IA

Listing Agents

Beau Mullenix
T | 314.568.7098
bmullenix@paramountlodging.com

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 three story, 60-room Sleep Inn & Suites Mount Vernon, IA available at a significant discount to replacement cost
  • Offered unencumbered of debt and management with the ability to retain the Sleep Inn & Suites flag
  • The only nationally branded hotel in Mount Vernon and situated on ~1.9 acres with ample tractor trailer, bus, and RV parking
  • Recent CapEx items completed within the last year include a new roof and new signage
  • Hotel continues to re-stabilize through the pandemic affording new ownership the opportunity to further improve performance trends alongside several economic expansion efforts currently underway throughout the broader Cedar Rapids MSA
  • Highly visible and accessible from the intersection of Highways 30 and 1 with upwards of 20,000 vehicles passing the exit daily
  • Located just two miles away from Cornell College and within walking distance of downtown Mount Vernon’s historic Main Street
  • Convenient to all local and regional demand including major employers, St. Luke’s and Mercy Medical Center, the US Cellular Center, National Czech & Slovak Museum, Hawkeye Downs, Eastern Iowa Airport, Kirkwood Community College, and the University of Iowa colleges and medical facilities
Location