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Staybridge Suites Cedar Rapids North 4444 Czech Ln NE

82 Room Hotel Cedar Rapids, IA 52402 £7,833,000 (£95,524/Room) 11% Net Initial Yield

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Executive Summary

-Price per Room: $121,951.22
-Price/SF: $170.39
-ADR: $115.01
-GRM: 3.76Xs
-REV PAR: $96.32
-2023 Revenue: $2,653,000
-2023 Real Estate Taxes: $159,155
-2024 Projected Revenue: $2,650,000
-Building Size: 58,688 SF
-# of Rooms: 82
-Lot Size: 2.36 AC (102,801.60 SF)
-2024 Occupancy: 81.71%

Staybridge Suites Cedar Rapids

Property Facts

Price	£7,833,000	Lot Size	2.36 AC
Price Per Room	£95,524	Building Size	58,988 SF
Sale Type	Investment	No. Rooms	82
Net Initial Yield	11%	Number of Floors	4
Property Type	Hospitality	Year Built	2001
Property Subtype	Hotel	Parking Ratio	0.02/1,000 SF
Building Class	B	Corridor	Interior

Price	£7,833,000
Price Per Room	£95,524
Sale Type	Investment
Net Initial Yield	11%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	2.36 AC
Building Size	58,988 SF
No. Rooms	82
Number of Floors	4
Year Built	2001
Parking Ratio	0.02/1,000 SF
Corridor	Interior

Amenities

Business Centre
Fitness Centre

Pool

Shuttle Service

Meeting Event Space

Room Mix Information

Description	No. Rooms	Daily Rate	SF
Suite	82	£147.26	-

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PROPERTY TAXES

Parcel Number	14043-76001-00000	Improvements Assessment	£3,882,113
Land Assessment	£392,198	Total Assessment	£4,274,311

PROPERTY TAXES

Parcel Number

14043-76001-00000

Land Assessment

£392,198

Improvements Assessment

£3,882,113

Total Assessment

£4,274,311

zoning

Zoning Code	S-MC
S-MC

Listing ID: 32997092
Date on Market: 29/08/2024
Last Updated:
Address: 4444 Czech Ln NE, Cedar Rapids, IA 52402

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4444 Czech Ln NE, Cedar Rapids, IA for sale Primary Photo- Image 1 of 13 — Primary Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Interior Photo- Image 2 of 13 — Interior Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Interior Photo- Image 3 of 13 — Interior Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Interior Photo- Image 4 of 13 — Interior Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Interior Photo- Image 5 of 13 — Interior Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Interior Photo- Image 6 of 13 — Interior Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Interior Photo- Image 7 of 13 — Interior Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Interior Photo- Image 8 of 13 — Interior Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Plat Map- Image 9 of 13 — Plat Map

4444 Czech Ln NE, Cedar Rapids, IA for sale Interior Photo- Image 10 of 13 — Interior Photo

4444 Czech Ln NE, Cedar Rapids, IA for sale Plat Map- Image 12 of 13 — Plat Map

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