Hotels for Sale Motels for Sale Inns for Sale Resorts for Sale
Brash Hotel Motel Brokers
Brash Hotel Brokers International

Hotel for Sale
Des Moines, Iowa
Turnaround Opportunity
SOLD

Iowa hotel for sale

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.

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.

Interior of Iowa motel for sale
hotel pool

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

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
Hotel bar
Hotel restaurant

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

Hotel room

Financial Information

Asking Price $1,750,000
Number of Units 106
Cost per Unit $16,509.43
Complete package available upon request
   
   

More Hotels Motels for Sale

Brash Realty - Hotels for sale - Motels for sale - Inns for sale - Hotel Brokers - Motel Brokers