Marketplace
Teaser live
Fairfield Inn & Suites by Marriott Cedar Rapids
Cedar Rapids, IowaSelect-service hotelSeller reviewing early interest
- Price guidance
- $13.6M guidance
- Keys
- 92
- TTM revenue
- $3.5M
- NOI
- $1.1M
- Occupancy
- 69%
- ADR
- $135
- RevPAR
- $93
- Cap rate
- 8.4%
Public summary
92-key Fairfield by Marriott hotel in Cedar Rapids, IA. Upper-midscale select-service asset with branded distribution and Cedar Rapids, Iowa demand drivers.
- Fairfield by Marriott flag with national reservation distribution
- Upper-midscale select-service operating model in the Cedar Rapids market
- 92 keys with in-place cash flow and brand-standard condition
Seller
Hotel owner, developer, and operator headquartered in Iowa, with properties across Hilton, Marriott, IHG, Choice, and other brand families in markets nationwide.
- Company
- Hawkeye Hotels
- Headquarters
- Coralville, Iowa
- Deal room
- Seller approval required
- Process
- Offers accepted online
Asset and market overview
Location
Cedar Rapids, Iowa draws corporate, leisure, and event demand that supports the Fairfield by Marriott flag.
Asset
Select-service hotel operating under the Fairfield by Marriott brand, offered as an individual asset.
Upside
- Revenue management optimization
- Expense benchmarking against comp set
- Negotiated corporate account growth
Property facts
- Year built
- —
- Last renovated
- —
- Brand class
- Upper-midscale select-service
- Brand family
- Marriott
- Keys
- 92
- Address
- Cedar Rapids, Iowa — full address shared with approved buyers