For Sale
$5,900,000
1900 Dodge Rd Cedar Rapids, IA 52402
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- Priced at $5,900,000 ($89,000/key) with an estimated $1,650,000 PIP ($25,000/key).
- Including PIP, the hotel is offered at 3.61x revenue.
- An 18-year franchise license is offered to qualified Marriott buyers.
- The property is offered unencumbered by management.
- Significant profit potential exists under typical owner management.
- All-suite extended-stay hotel with excellent visibility from Highway 100 and I-380.
Property Details for 1900 Dodge Rd
- Property type
- Hospitality properties, Hotels
- Square Feet
- 47,650 SF
- Year Built
- 1997
- Stories
- 3
- Lot Size (sq. ft)
- 87,556 SF
Location Insight
- City
- Cedar Rapids
- County
- Linn
- State
- Iowa
- Latitude
- 42.028213719425
- Longitude
- -91.665601689285
Nearby Similar for Sale
FAQs
- Where is the hospitality property located?
- The property is located at 1900 Dodge Rd Cedar Rapids, IA.
- What is the asking price?
- The asking price for this property is $5,900,000.
- What are key features of this property?
- This property features: Priced at $5,900,000 ($89,000/key) with an estimated $1,650,000 PIP ($25,000/key).; Including PIP, the hotel is offered at 3.61x revenue.; An 18-year franchise license is offered to qualified Marriott buyers.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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