Baymont by Wyndham 5015 Ridgeway Dr 45 Pièce Hôtel Harlan, IA 51537 3 393 480 $ CAD (75 411 $ CAD/Pièce) 8% Taux de capitalisation

Baymont by Wyndham in Harlan, Iowa presents an outstanding investment opportunity with an asking price of $2,400,000 and an 8% cap rate. This hotel features 45 well-maintained rooms and has undergone significant renovations aimed at improving guest experience and operational efficiency. Recent upgrades include a new fitness room, refurbished swimming pool, granite countertops in high-traffic areas, LED platform bed frames, new mattresses, and updated Wyndham paint colors, ensuring both aesthetic appeal and functionality.
Strategically located near U.S. Highway 59, the property provides convenient access for travelers and proximity to prominent retail brands such as Hy-Vee, Subway, Burger King, and Dairy Queen, enhancing the guest amenity base. The hotel’s 2024 occupancy rate stands at 60.33% with an ADR of $92.64, supporting strong revenue potential. Financial projections indicate a projected 2026 revenue of $850,000, with stable historical performance demonstrated through a 4-year average NOI of $228,124. With paved parking for 50 vehicles and zoning classified as commercial, this asset offers a solid addition to any hospitality portfolio with proven cash flow and operational incentives.