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Best Western La Grande Hacienda 1401 N 2nd St 55 Room Hotel Cherokee, IA 51012 $3,502,625 CAD ($63,684 CAD/Room)
Executive Summary
55 Rooms BW, Sellers own this since May 2013, Property is in Excellent Condition, Sellers live in CA, and now its time to sell the property. New Roof in 2023 period, ALL new BW Approved TVs in 2025, New BW approved Mattresses in ALL rooms in 2025, BW PIP DEX 3.0 Signed off in Sept 2025.
Average revenues are 900k, 2025 was $1.M+, asking is 3 Times revenues, Buyers to open escrow & Contact BW to verify for AUTO TRANSFER approval. BW contracts are yearly contracts, Renewal is Nov 1st, every year. few days notice required to cancel, Spark by Hilton was available few years ago,subject to PIP.
Needs a Good Operator. We are also selling Days Inn Fort Dodge, IA, 90 miles away, if you want to buy 2 properties at a time, and get a package discount, Pick up the phone and call me. Please note 1) Sellers WILL need to Prequalify Buyers as to their Down Payment and Experience, if you do not wish to share that informatiion,do not contact us. We will accept a Lenders Pre-Approval letter that you are approved by them to buy a hotel to a total value of $xxx.
For Some strange reason, buyers feel insulted when asked about their downpayment,experience and background.If you also feel the same,please do not call us, we do not wish to waste time with numerous unqualified buyers. Thank you very much.
Average revenues are 900k, 2025 was $1.M+, asking is 3 Times revenues, Buyers to open escrow & Contact BW to verify for AUTO TRANSFER approval. BW contracts are yearly contracts, Renewal is Nov 1st, every year. few days notice required to cancel, Spark by Hilton was available few years ago,subject to PIP.
Needs a Good Operator. We are also selling Days Inn Fort Dodge, IA, 90 miles away, if you want to buy 2 properties at a time, and get a package discount, Pick up the phone and call me. Please note 1) Sellers WILL need to Prequalify Buyers as to their Down Payment and Experience, if you do not wish to share that informatiion,do not contact us. We will accept a Lenders Pre-Approval letter that you are approved by them to buy a hotel to a total value of $xxx.
For Some strange reason, buyers feel insulted when asked about their downpayment,experience and background.If you also feel the same,please do not call us, we do not wish to waste time with numerous unqualified buyers. Thank you very much.
Property Facts
| Price | $3,502,625 CAD | Building Size | 32,113 SF |
| Price Per Room | $63,684 CAD | No. Rooms | 55 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1976/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.34/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.07 AC | Opportunity Zone |
Yes
|
| Zoning | C - go on Google Maps, you will see Extra Land for TRUCK PARKING with a Storage shed to the South of the Hotel Building, this is also included in the sale | ||
| Price | $3,502,625 CAD |
| Price Per Room | $63,684 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.07 AC |
| Building Size | 32,113 SF |
| No. Rooms | 55 |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2024 |
| Parking Ratio | 2.34/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C - go on Google Maps, you will see Extra Land for TRUCK PARKING with a Storage shed to the South of the Hotel Building, this is also included in the sale |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 55 | $109.28 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 7-22-451-010 | Improvements Assessment | $2,022,247 CAD |
| Land Assessment | $180,441 CAD | Total Assessment | $2,202,687 CAD |
Property Taxes
Parcel Number
7-22-451-010
Land Assessment
$180,441 CAD
Improvements Assessment
$2,022,247 CAD
Total Assessment
$2,202,687 CAD
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Best Western La Grande Hacienda | 1401 N 2nd St
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