Ramada of Sioux City, IA

http://timmhotelbroker.com/wp-content/uploads/2020/08/Sioux-City-IA-Ramada-Exterior-smaller-wpcf_410x250.jpg
$2,600,000
130 Nebraska Street Sioux City, IA 51101
114
Ramada
Wyndham
Limited Service
Western Iowa

Property Overview

The Ramada of Sioux City is located downtown steps away from numerous demand generators including: the Tyson Events Center, MercyOne Siouxland Medical Center and the Hard Rock Casino. The hotel is currently operating as limited service; the Chili’s restaurant located adjacent to the hotel currently fulfills the F&B requirement for the hotel. The existing on-site restaurant provides an opportunity for either a full or limited service investor.

Sioux City is the 4th largest city in Iowa; the Sioux City metropolitan consists of 5 counties in Iowa, Nebraska & South Dakota. Community projects include Riverfront Development, Gilchrist Learning Center, Cone Park, West 7th Street Reconstruction Project, and the Reinvestment District. The Sioux City Reinvestment District is a 25-acre entertainment and cultural district. Included in the Reinvestment District is the Siouxland Expo Center, a multi-purpose venue, opening by the end of 2020.

Investment Highlights

  • Visibility from Interstate I-29
  • Conveniently located downtown Sioux City within walking distance to numerous demand generators
  • Extensive renovations recently completed
  • Waiver for F&B requirement

To request more information on this property, please complete a confidentiality agreement. All inquiries must be made through Timm & Associates, Inc. Interested buyers are not allowed to visit or contact the property or its management directly.