Quality Inn & Suites - IA
||This Quality Inn & Suites has steady revenue and has undergone recent renovations. The property includes 89 keys, 2 floors, and interior corridors. It is absentee managed. There is upside opportunity for a new owner to reduce expenses. Additionally there is upside to improve occupancy and ADR. Projected new owner net operating income is 35% or $370,000. Room Revenue is over $1,000,000 for last three years. Projected cap rate for new owner is 10.6%. Offered 3.3 times 2017 revenue. This hotel has a great location which is central in a growing major metro market with a diverse economy. It is located off the Interstate. Convenient to colleges, medical centers, casinos and leisure attractions.