Home K Property K Cobblestone Inn and Suites of Lamoni, IA

Cobblestone Inn and Suites of Lamoni, IA

Property Overview

Timm & Associates, Inc. presents an exceptional opportunity to acquire the Cobblestone Inn and Suites in Lamoni, IA. Strategically located near Graceland University and conveniently situated on Interstate 35, the hotel offers easy access to both Des Moines, Iowa, and Kansas City, making it an ideal destination for travelers seeking convenience and comfort. Boasting original developer ownership, this marks the first time this property has been offered for sale since its development in 2017. Recent improvements have been made, ensuring that incoming investors can expect minimal Property Improvement Plan (PIP) requirements. With its modern amenities, prime location, and strong potential for continued growth, the Cobblestone Inn and Suites presents a compelling investment opportunity in the hospitality sector. Contact us today to learn more and set up a showing.

Property Details

Price: $3,300,000
Address: 226 Spruce Drive Lamoni, IA 50140
Rooms: 33
Brand: Cobblestone Inn and Suites
Franchise: Cobblestone
Area: South Central Iowa
Type: Limited Service
Investment Highlights

• Strong hotel revenue at approximately $30,000 per room
• First time property is available to a new investor since original development in 2017
• I-35 location, 1 hour to Des Moines, 1.5 hours to Kansas City
• Current TIF agreement with the City of Lamoni runs through 2028

Property Photo Gallery

Request More Information

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.

Property Location

OTHER LISTINGS

ABVI of Stuart, IA

ABVI of Stuart, IA

The Americas Best Value Inn by Sonesta in Stuart, IA is a 61 room, 2 story hotel ideally positioned along the I-80 corridor with convenient access to the Des Moines metropolitan area. Owned by the original developer since construction and recently converted to an...

Motel 6 of Percival, IA

Motel 6 of Percival, IA

The Motel 6 in Percival, IA is a 45 room, 2 story hotel strategically positioned along I-29, capturing consistent transient demand and benefiting from the proximity to the greater Omaha metropolitan area. Built in 2005 and unencumbered by third party management, the...

Best Western of Council Bluffs, IA

Best Western of Council Bluffs, IA

The Best Western Crossroads of the Bluffs is a 107 room hotel located at the interchange of Interstates 29 and 80 in Council Bluffs, directly within the greater Omaha metropolitan area. The property benefits from long term ownership of over 20 years, consistent...

Super 8 of Humboldt, IA

Super 8 of Humboldt, IA

Conveniently situated with immediate access to US 169, the property benefits from strong connectivity to regional demand drivers. Current ownership has completed a variety of recent capital improvements and renovations, resulting in minimal expected change of...

Country Inn and Suites of Rochester, MN

Country Inn and Suites of Rochester, MN

Timm and Associates is proud to exclusively present the Country Inn and Suites of Rochester, MN. Located in Rochester, Minnesota, a nationally recognized medical destination anchored by the world renowned Mayo Clinic, the property benefits from a deep and resilient...

GrandStay Hotel and Suites of Perham, MN

GrandStay Hotel and Suites of Perham, MN

Timm & Associates, Inc. has been exclusively retained to represent the ownership in the sale of the GrandStay Hotel and Suites in Perham, MN. Located in the heart of Minnesota’s lake country, the hotel benefits from a strong year-round tourism base including lake...

AmericInn by Wyndham of Webster City, IA

AmericInn by Wyndham of Webster City, IA

This award-winning AmericInn has recently completed a full Pursuit PIP, featuring all new guest room FF&E, updated carpet and window treatments, refreshed corridor paint, new lobby furniture and artwork, modernized breakfast area furnishings, and upgraded guest...

STAY CONNECTED!

Sign up to our email list and stay connected to our latest properties!