Coralville Hospitality for Sale
Revenue Growth: The hotel saw an 11% year-over-year room revenue increase (2023–2024), indicating strong performance momentum and enhanced cash flow.
RevPAR Upside: With a current RevPAR Index of 76%, targeted improvements could raise room revenue to $1.0–$1.2M, significantly boosting
returns.
Prime Location Near Major Demand Drivers: Just 1.9 miles from the University of Iowa and 2.4 miles from UI Hospitals, driving consistent
academic and medical-related lodging demand.
High-Traffic Entertainment District Proximity: Located 0.3 miles from Iowa River Landing, Xtream Arena, and GreenState Fieldhouse,
drawing year-round sports, concert, and event guests.
Retail & Recreation Demand: Near Coral Ridge Mall and major outdoor attractions like Coralville Lake and Brown Deer Golf Course,
supporting steady transient visitation.
Economic Growth & Job Base: Surrounded by major employers like ACT, Collins Aerospace, and P&G, with regional development in life
sciences and tech driving future demand.
Excellent Regional Access: Strategically off I-80, the property benefits from drive-to markets including Des Moines (111 mi) and Chicago
(220 mi), expanding its guest base.
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Comfort Inn &
Suites Coralville – Iowa City near Iowa River Landing (‘Hotel’ or ‘Property’) located in Coralville, Iowa. The Choice Hotels International-branded Hotel is
being offered on a “Request for Offers” basis. Please contact listing agent for more information.
The Comfort Inn & Suites Coralville – Iowa City near Iowa River Landing is a three-story hotel with 62 rooms, located at 214 9th Street in Coralville, Iowa.
The Hotel is located off Interstate 80 and is less than two miles from the University of Iowa, and maintains various common area amenities including a
heated indoor pool, lobby with fireplace, breakfast area, vending machines, and business center. In the past 36 months, the property has undergone
approximately $600,000 in recent capital expenditures.
Between year-end 2023 and 2024, the hotel experienced a notable 11 percent increase in room revenue. This trend presents several advantages for potential
buyers, including additional capital for renovations and enhanced cash flow. With a RevPAR Index of 76 percent, the hotel presents untapped potential.
Strategic revenue management and marketing could raise the index to 80–85 percent, increasing room revenue to $1.0–$1.2 million dollars and driving
stronger returns for investors.
Coralville, Iowa, presents a compelling hotel investment opportunity within the Iowa City Metropolitan Statistical Area (MSA), one of the state’s fastestgrowing regions and part of the larger Cedar Rapids–Iowa City Corridor. The area benefits from strong demand for generators led by the University of Iowa
(1.9 miles), which enrolls more than 30,000 students and employs over 27,000 faculty and staff. The University of Iowa Hospitals & Clinics (2.4 miles),
consistently ranked among the top medical centers in the nation, serves as Iowa’s only comprehensive academic medical center, drawing patients,
healthcare professionals, and visitors from across the Midwest.
Coralville has evolved into a vibrant retail, entertainment, and business hub. The city’s Iowa River Landing development (0.3 miles)—a 180-acre mixed-use
district—features dining, shopping, office, residential, and hospitality assets, as well as the Xtream Arena (0.3 miles) & GreenState Family Fieldhouse (0.3
miles). Together with Carver-Hawkeye Arena (1.8 miles), home to University of Iowa athletics and large-scale events, these venues generate year-round
hotel demand from collegiate tournaments, youth sports, concerts, and regional conventions. Coralville also benefits from Coral Ridge Mall (3.2 miles), a
regional shopping destination anchored by national retailers and entertainment venues, while nearby recreational attractions such as Coralville Lake and
Brown Deer Park Golf Course (1.8 miles) further bolster transient visitation.
Major employers in the area include ACT, Inc. (5.4 miles), Integrated DNA Technologies (3.5 miles), Oral-B (Procter & Gamble – 3.9 miles), Collins
Aerospace (3.7 miles) and educational and healthcare institutions throughout the corridor. In addition, economic development efforts led by the Iowa City
Area Development Group and City of Coralville continue to attract new investment, particularly in technology, life sciences, and advanced manufacturing.
With immediate access to Interstate 80, Coralville also captures drive-to demand from Des Moines (111 miles) and Chicago (220 miles), reinforcing its role
as a convenient regional stopover.
