Hotel O Oskaloosa | 2278 N 63 Hwy
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Hotel O Oskaloosa 2278 N 63 Hwy
40 Room Hotel Oskaloosa, IA 52577 £759,354 (£18,984/Room) 12.25% Net Initial Yield
Investment Highlights
- 41 Unit, 2-Story Exterior Corridor Hotel
- Priced to Sell at 2.5x 2024 Revenue
- Includes Profitable Liquor and Tobacco Store
- Perfect for Owner-Operator, with 3 Bedroom Manager's Apartment
- Highly Profitable - 12.25% Cap Rate
- 2024 Revenue $396,664
Executive Summary
The Hotel O is a 41-unit, two-story exterior corridor hotel located in Oskaloosa, Iowa. The property features a convenient on-site liquor store at the front, adding an additional revenue stream and attracting additional visitors. Currently, the hotel uses OYO's reservation system, however there is no PIP required.
Oskaloosa is a charming and steadily growing community located one hour from Des Moines, IA, offering a range of attractions including the Southern Iowa Speedway, Southern Iowa Fairgrounds, and William Penn University. The hotel is well-positioned to serve visitors exploring the region. Currently, only 32 rooms are rentable, and a new owner could capture additional revenue by renovating the remaining 9 rooms.
This highly profitable hotel is an excellent investment opportunity for an owner-operator, complete with a three-bedroom manager's apartment.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
Oskaloosa is a charming and steadily growing community located one hour from Des Moines, IA, offering a range of attractions including the Southern Iowa Speedway, Southern Iowa Fairgrounds, and William Penn University. The hotel is well-positioned to serve visitors exploring the region. Currently, only 32 rooms are rentable, and a new owner could capture additional revenue by renovating the remaining 9 rooms.
This highly profitable hotel is an excellent investment opportunity for an owner-operator, complete with a three-bedroom manager's apartment.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
Property Facts
| Price | £759,354 | Lot Size | 2.58 AC |
| Price Per Room | £18,984 | Building Size | 20,000 SF |
| Sale Type | Investment | No. Rooms | 40 |
| Net Initial Yield | 12.25% | Number of Floors | 2 |
| Property Type | Hospitality | Year Built | 1974 |
| Property Subtype | Hotel | Parking Ratio | 2/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £759,354 |
| Price Per Room | £18,984 |
| Sale Type | Investment |
| Net Initial Yield | 12.25% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.58 AC |
| Building Size | 20,000 SF |
| No. Rooms | 40 |
| Number of Floors | 2 |
| Year Built | 1974 |
| Parking Ratio | 2/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | £71.94 | - |
| Guest Room | 39 | £45.56 | - |
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PROPERTY TAXES
| Parcel Number | 10-01-476-005 | Improvements Assessment | £105,230 |
| Land Assessment | £50,533 | Total Assessment | £155,763 |
PROPERTY TAXES
Parcel Number
10-01-476-005
Land Assessment
£50,533
Improvements Assessment
£105,230
Total Assessment
£155,763
zoning
| Zoning Code | C |
| C |
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Hotel O Oskaloosa | 2278 N 63 Hwy
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