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Comfort Inn Story City 425 Timberland Dr 59 Room Hotel Story City, IA 50248 $4,397,148 CAD ($74,528 CAD/Room)
EXECUTIVE SUMMARY
**Flexible seller financing available** Well maintained Comfort Inn right off of I35 approximately 30 minutes north of the Des Moines Metro. 59 rooms, breakfast room, indoor pool and fitness center. The Hotel has been exceptionally maintained and is being operated by a full staff as the owner is absentee. Numerous upgrades completed in the past year including a new roof and windows. Choice Hotels has issued a formal change of ownership PIP which is minimal. Room revenues have been stable between 1MM and 1.15MM for the past 3 years. Pre covid revenues were higher and the hotel has not yet fully recovered and could be increased with more hands on revenue management.
DATA ROOM Click Here to Access
- Operating and Financials
- Miscellaneous
PROPERTY FACTS
| Price | $4,397,148 CAD | Building Size | 32,896 SF |
| Price Per Room | $74,528 CAD | No. Rooms | 59 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2003/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.95/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.84 AC | ||
| Zoning | C | ||
| Price | $4,397,148 CAD |
| Price Per Room | $74,528 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.84 AC |
| Building Size | 32,896 SF |
| No. Rooms | 59 |
| No. Stories | 3 |
| Year Built/Renovated | 2003/2019 |
| Parking Ratio | 1.95/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 59 | $226.14 CAD | - |
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PROPERTY TAXES
| Parcel Number | 02-07-301-350 | Improvements Assessment | $4,527,625 CAD |
| Land Assessment | $416,390 CAD | Total Assessment | $4,944,014 CAD |
PROPERTY TAXES
Parcel Number
02-07-301-350
Land Assessment
$416,390 CAD
Improvements Assessment
$4,527,625 CAD
Total Assessment
$4,944,014 CAD
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Comfort Inn Story City | 425 Timberland Dr
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