Hospitality Business for Sale in Coralville, IA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Coralville, IA 52241
  • Year built: 1992

Description

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Comfort Inn & Suites Coralville – Iowa City near Iowa River Landing (‘Hotel’ or ‘Property’) located in Coralville, Iowa. The Choice Hotels International-branded Hotel is being offered on a “Request for Offers” basis. Please contact listing agent for more information. The Comfort Inn & Suites Coralville – Iowa City near Iowa River Landing is a three-story hotel with 62 rooms, located at 214 9th Street in Coralville, Iowa. The Hotel is located off Interstate 80 and is less than two miles from the University of Iowa, and maintains various common area amenities including a heated indoor pool, lobby with fireplace, breakfast area, vending machines, and business center. In the past 36 months, the property has undergone approximately $600,000 in recent capital expenditures. Between year-end 2023 and 2024, the hotel experienced a notable 11 percent increase in room revenue. This trend presents several advantages for potential buyers, including additional capital for renovations and enhanced cash flow. With a RevPAR Index of 76 percent, the hotel presents untapped potential. Strategic revenue management and marketing could raise the index to 80–85 percent, increasing room revenue to $1.0–$1.2 million dollars and driving stronger returns for investors. Coralville, Iowa, presents a compelling hotel investment opportunity within the Iowa City Metropolitan Statistical Area (MSA), one of the state’s fastest-growing regions and part of the larger Cedar Rapids–Iowa City Corridor. The area benefits from strong demand for generators led by the University of Iowa (1.9 miles), which enrolls more than 30,000 students and employs over 27,000 faculty and staff. The University of Iowa Hospitals & Clinics (2.4 miles), consistently ranked among the top medical centers in the nation, serves as Iowa’s only comprehensive academic medical center, dra

Market Context

This hospitality in Coralville, IA is listed for sale. The building dates to 1992. It has been on the market for 52 days. Compare it against other hospitality listings for sale in Coralville, IA — <a href="/search/sale/hospitality/iowa/coralville">view the full market</a>.

Contact

Explore this market

Similar Hospitality Business for Sale in Coralville, IA