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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

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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.

Confidentiality Agreement

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