Marketplace
Teaser live
Residence Inn by Marriott Des Moines Downtown
Des Moines, IowaExtended-stay hotelSeller reviewing early interest
- Price guidance
- $22.9M guidance
- Keys
- 127
- TTM revenue
- $5.4M
- NOI
- $1.8M
- Occupancy
- 72%
- ADR
- $146
- RevPAR
- $105
- Cap rate
- 8.0%
Public summary
127-key Residence Inn hotel in Des Moines, IA. Upper-midscale extended-stay asset with branded distribution and Des Moines, Iowa demand drivers.
- Residence Inn flag with national reservation distribution
- Upper-midscale extended-stay operating model in the Des Moines market
- 127 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
Des Moines, Iowa draws corporate, leisure, and event demand that supports the Residence Inn flag.
Asset
Extended-stay hotel operating under the Residence Inn 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 extended-stay
- Brand family
- Marriott
- Keys
- 127
- Address
- Des Moines, Iowa — full address shared with approved buyers