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Motel 6 of Percival, IA

Property Overview

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 property offers investors a stable operating history with meaningful upside potential through more hands on ownership. Recent capital improvements have position the asset for continued performance, making this an attractive opportunity to acquire a well maintained limited service hotel in a proven interstate location.

Property Details

Price: $2,295,000
Address: 2113 Sapp Bros Drive Percival, IA 51648
Rooms: 45
Brand: Motel 6
Franchise: G6
Area: Southwest Iowa
Type: Limited Service
Investment Highlights
  • Strategically located on I-29, capturing significant transient demand from millions of annual travelers, and located approximately 1 hour from Omaha
  • Current ownership has completed a variety of property improvements leaving minimal expected change of ownership PIP
  • Strong Historical Performance year over year
  • Priced below 3X revenue multiple
  • Strong In Place Cash Flow
  • Out of state absentee ownership
  • $53 RevPAR T-12 Revenues

 

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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.

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