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Hotel for Sale
Des Moines, Iowa
Turnaround Opportunity
SOLD
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At the center of the United States, Des
Moines is easy to reach by car, plane or train!
Des Moines is at the intersection of the number one
and three most traveled interstates in the United States:
I-80 (coast-to-coast) and I-35 (border-to-border).
Frederick Hubbell who arrived in 1855 at age 18 in Des
Moines, within a decade had founded the Equitable Life
and Insurance Corporation to service the need for investment
capital. Today the city is the world’s third largest
insurance center, behind London, UK and Hartford, Connecticut.
Illustrious former denizens of Des Moines include Ronald
Reagan, and John Wayne, born and raised in nearby Winterset.
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The hotel for sale consists of 106 units, restaurant/lounge,
5 meeting rooms, and indoor pool all in a two story indoor
corridor, stucco and frame German Chalet style building.
The property is just off I-80 at the 14th St. exit.
Included in the sale are 2 adjacent parcels of land.
One has a 2-story 3-bedroom home and the other parcel
had a gas station. |
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Features:
- 106 Units
- All units have automatic door locks and clock radios
- 3 Jacuzzi suites - remodeled
- The indoor pool and whirlpool spa is housed in a separate
fully glassed building.
- Restaurant/Lounge
- 5 meeting/banquet rooms
- Two-pipe system with control thermostats
- Heat pumps in each room for heat and air conditioning
- Individual roof top units for common areas
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Seller repossessed property
in March 2003. Since operating the property, the seller
has done considerable improvements which include:
- New carpeting in units and common areas
- Painted units
- New exterior entrance doors - ordered
- Rebuilt or replaced 25 HVAC motors in units
- Resurfaced/sealed and stripped entire parking lot
- Exterior painted
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The Bavarian Inn is an excellent turnaround
opportunity for a new owner. The motel is in need of an
injection of capital to position the property in the Des
Moines market. A national flag and a marketing plan should
give the property the exposure that it needs, thus increasing
its room revenues.
The motel has excellent upside potential. |
- Just off I-80 and I-35 Interchange
- Additional motel sign restored and installed
- Pool area painted
- Lobby painted
- Sprinkler system
- Units are 12'X26' or 12'X20'
Des Moines
Iowa Community Profile |
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Financial Information |
| Asking Price |
$1,750,000 |
| Number of Units |
106 |
| Cost per Unit |
$16,509.43 |
| Complete package available upon request |
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