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Rodeway Inn Red Oak 800 Senate Ave 39 Room Hotel Red Oak, IA 51566 $2,282,593 CAD ($58,528 CAD/Room)
INVESTMENT HIGHLIGHTS
- Pride of Ownership
- Steady Revenue
- Living Quarters 2 Bed, 2 Bath with full kitchen & living agrea
EXECUTIVE SUMMARY
Rodeway Inn — Turnkey Hospitality with Exceptional Owner’s Quarters
Positioned to serve Red Oak’s steady stream of business travelers, leisure guests, and regional visitors, the Rodeway Inn offers a rare combination of freshly renovated accommodations and exceptional on-site living space for ownership or management.
This 39-room property has recently undergone extensive updates, delivering modern, comfortable lodging to meet the expectations of today’s travelers. A point of pride for this property is its expansive living quarters—featuring 2 bedrooms, 2 bathrooms, a full kitchen with a large island, and a spacious living area—providing an ideal setup for an owner-operator or on-site manager.
Guests appreciate the hotel’s convenient location, offering quick access to local businesses, parks, downtown attractions, and major roadways. With its upgraded rooms, welcoming atmosphere, and strong curb appeal, the Rodeway Inn stands out in the market as a well-maintained, pride-of-ownership property ready for continued success.
Whether you’re seeking a profitable hospitality investment or a business you can live and operate from, the Rodeway Inn in Red Oak, Iowa presents an outstanding opportunity in a growing and community-driven Midwest town.
Positioned to serve Red Oak’s steady stream of business travelers, leisure guests, and regional visitors, the Rodeway Inn offers a rare combination of freshly renovated accommodations and exceptional on-site living space for ownership or management.
This 39-room property has recently undergone extensive updates, delivering modern, comfortable lodging to meet the expectations of today’s travelers. A point of pride for this property is its expansive living quarters—featuring 2 bedrooms, 2 bathrooms, a full kitchen with a large island, and a spacious living area—providing an ideal setup for an owner-operator or on-site manager.
Guests appreciate the hotel’s convenient location, offering quick access to local businesses, parks, downtown attractions, and major roadways. With its upgraded rooms, welcoming atmosphere, and strong curb appeal, the Rodeway Inn stands out in the market as a well-maintained, pride-of-ownership property ready for continued success.
Whether you’re seeking a profitable hospitality investment or a business you can live and operate from, the Rodeway Inn in Red Oak, Iowa presents an outstanding opportunity in a growing and community-driven Midwest town.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $2,282,593 CAD | Building Size | 19,869 SF |
| Price Per Room | $58,528 CAD | No. Rooms | 39 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1996/2004 |
| Property Subtype | Hotel | Parking Ratio | 3.57/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.55 AC | ||
| Zoning | C | ||
| Price | $2,282,593 CAD |
| Price Per Room | $58,528 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.55 AC |
| Building Size | 19,869 SF |
| No. Rooms | 39 |
| No. Stories | 2 |
| Year Built/Renovated | 1996/2004 |
| Parking Ratio | 3.57/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $152.17 CAD | - |
| Guest Room | 37 | $120.35 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 600-62-12-510180-00 | Improvements Assessment | $1,413,733 CAD |
| Land Assessment | $179,710 CAD | Total Assessment | $1,593,443 CAD |
PROPERTY TAXES
Parcel Number
600-62-12-510180-00
Land Assessment
$179,710 CAD
Improvements Assessment
$1,413,733 CAD
Total Assessment
$1,593,443 CAD
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Rodeway Inn Red Oak | 800 Senate Ave
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