For Auction
Depot Inn & Suites | 2006 Built | $368K NOI | $849K Room Revenue
La Plata, MO 63549Represented by
Marcus & Millichap
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Depot Inn & Suites at 1245 N Brown Street in La Plata, Missouri is a 30-room, independently operated boutique hotel on ±3.55 acres. The ±16,885 SF Property includes 26 standard guest rooms and four themed luxury suites, plus a heated indoor pool, fitness center, meeting space, complimentary breakfast, outdoor recreation areas, and an extensive railroad memorabilia collection. The Hotel generated approximately $814,000, $873,000, and $861,000 of total revenue in 2023, 2024, and 2025, respectively, with three-year average NOI of approximately $393,000. ADR increased from approximately $109 in 2024 to $114 in 2025 to $116 in 2026, demonstrating continued pricing power. Located near La Plata’s Amtrak station and serving visitors to Truman State University, A.T. Still University, state parks, and the broader Kirksville area, the Property benefits from a diversified demand base. An incoming owner can preserve the Hotel’s distinctive railroad-themed identity while pursuing upside through rate optimization, occupancy growth, and operating efficiencies.
Due Diligence
Location
La Plata is a Northeast Missouri community positioned within the broader Kirksville trade area and served by Amtrak passenger rail. Lodging demand is supported by Truman State University, A.T. Still University, healthcare, regional employers, state parks, events, and rail tourism. The setting gives Depot Inn access to both institutional and leisure travelers throughout the year.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
