Log In/Sign Up
Your email has been sent.
Comfort Inn & Suites Mason City 410 5th St SW 60 Room Hotel Mason City, IA 50401 $6,152,535 CAD ($102,542 CAD/Room) 9.60% Cap Rate
Investment Highlights
- Fully Renovated Asset in Conversion to Comfort Inn & Suites October 2024
- Operational Upside Opportunity Via More Hands-On Ownership
- Strong Traffic Counts (Up to 18,083 VPD), High Visibility Location Along a Major Mason City Thoroughfare in Proximity to Key Demand Generators
Executive Summary
P&E Hotel Advisors is proud to have been selected as the exclusive representative for the sale of the Comfort Inn & Suites Mason City, a recently renovated, 60-key, interior-corridor, upper-midscale hotel located in the Iowa Northeast submarket.
Offered at $75,000 per key, the property delivers strong in-place cash flow with institutional underwriting metrics and measurable operational upside.
Originally constructed in 1990 and renovated in 2024, the three-story, 26,658 SF asset sits on 1.06 acres along a high-visibility commercial corridor with traffic counts exceeding 18,000 vehicles per day. The property benefits from proximity to downtown Mason City, regional healthcare providers, corporate employers, and ongoing downtown redevelopment initiatives.
Please visit https://platform.reverecre.com/project/4afdaa87-b379-4766-b221-64208ec78030 for more details.
Offered at $75,000 per key, the property delivers strong in-place cash flow with institutional underwriting metrics and measurable operational upside.
Originally constructed in 1990 and renovated in 2024, the three-story, 26,658 SF asset sits on 1.06 acres along a high-visibility commercial corridor with traffic counts exceeding 18,000 vehicles per day. The property benefits from proximity to downtown Mason City, regional healthcare providers, corporate employers, and ongoing downtown redevelopment initiatives.
Please visit https://platform.reverecre.com/project/4afdaa87-b379-4766-b221-64208ec78030 for more details.
Data Room Click Here to Access
Property Facts
| Price | $6,152,535 CAD | Building Size | 26,658 SF |
| Price Per Room | $102,542 CAD | No. Rooms | 60 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 9.60% | Year Built/Renovated | 1990/2024 |
| Property Type | Hospitality | Parking Ratio | 2.33/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.10 AC | ||
| Zoning | C-2 - Commercial | ||
| Price | $6,152,535 CAD |
| Price Per Room | $102,542 CAD |
| Sale Type | Investment |
| Cap Rate | 9.60% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 26,658 SF |
| No. Rooms | 60 |
| No. Stories | 3 |
| Year Built/Renovated | 1990/2024 |
| Parking Ratio | 2.33/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | C-2 - Commercial |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $170.90 CAD | - |
| Guest Room | 55 | $139.46 CAD | - |
1 1
Bike Score®
Biker's Paradise (90)
Property Taxes
| Parcel Number | 07-09-402-01-300 | Improvements Assessment | $3,114,208 CAD |
| Land Assessment | $366,568 CAD | Total Assessment | $3,480,776 CAD |
Property Taxes
Parcel Number
07-09-402-01-300
Land Assessment
$366,568 CAD
Improvements Assessment
$3,114,208 CAD
Total Assessment
$3,480,776 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
P&E Hotel Advisors
Comfort Inn & Suites Mason City | 410 5th St SW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.