Quality Inn


Price:
$1,975,000

[Currently Under Agreement]

Address :
2001 US-169
Fort Dodge, IA 50501


  •  AUCTION JUNE19-21 Details Here.
  •  Tour Dates Wednesday June 7th. Call to schedule an appointment.
  •  Fort Dodge is the commercial hub of central Iowa.
  •  Property has been well maintained and is in good condition with completion of recent 5- year PIP.
  •  Ability to host multiple events and meetings simultaneously.
  •  Established hotel with solid historical room revenues.
  •  Priced below replacement cost.
    View Map    View Aerial
  •  Fort Dodge serves as the commercial center for north central and northwestern Iowa.
  •  Close to Regional Demand Generators, Including...
    •  1 Mile to The Fort and Frontier Village
    •  1.1 Miles to Iowa Central Community College
    •  2 Miles to Fort Dodge Correctional Facility
    •  2.4 Miles to UnityPoint Health
    •  4.1 Miles to Fort Dodge Animal Health, a division of Boehringer Ingelheim
    •  6.2 Miles to Harlan Rogers Sports Complex
  •  97 Rooms
  •  Lounge
  •  Breakfast Area (Seats 59; 80+ Capacity)
  •  Meeting Space (3,300 Square Feet)
  •  Business Center
  •  Exercise Room
  •  Game Room
  •  Indoor, Heated Pool, Sauna & Hot Tub
  •  2 Stories
  •  Interior Corridors on Front Building; Interior & Exterior Corridors on Side & Rear
  •  Concrete Structure, Stucco & Brick Facade
  •  Flat, Built-Up Roof
  •  Asphalt Parking Lot
  •  Oversized Vehicle Parking
Financials
2013
2014
2015
2016
T-12Mos 7/17
Occupancy
48.50%
43.64%
43.03%
33.49%
32.94%
Average Daily Rate
$68.01
$67.44
$74.70
$64.36
$63.83
Room Revenue
$1,083,567
$970,544
$1,057,771
$765,133
$743,793
Net Operating Income
$237,588
$224,782
$285,164
($817)
N/A
Financials prior to January 2016 are based on 90 rooms. Seven rooms were added to inventory in January 2016.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!