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For Sale

Baymont by Wyndham

5015 Ridgeway Drive,
Harlan, IA 51537

Asset Snapshot

2008
Year Built
60.33%
Occupancy

Offering Summary

Investment Overview

45 rooms 2024 Occupancy: 60.33% Parking Lot: Paved - 50 spaces Price per Room: $55,814 ADR - 2024: $92.64 GRM: 2.90Xs 2026 Projected Revenue: $850,000 Price/sq. ft.: $220.49 Real Estate Taxes: $42,000 2025 Revenue: $828,788 4 Year Average NOI (2022-2025): $228,124 Estimated ADS: $140,000 Estimated Cash Flow after ADS: $60,000 Recent improvements include new mattresses, platform LED bed frames, LVT flooring, vanity lights, 10 new PTAC units, 25 new mini refrigerators, updated Wyndham paint colors, a new fitness room, a refurbished swimming pool, and granite countertops in the lobby and breakfast area.


Investment Highlights

  • 45 rooms
  • 2024 Occupancy: 60.33%
  • Parking Lot: Paved - 50 spaces
  • Price per Room: $55,814
  • ADR - 2024: $92.64
  • GRM: 2.90Xs
  • 2026 Projected Revenue: $850,000
  • Price/sq. ft.: $220.49
  • Real Estate Taxes: $42,000
  • 2025 Revenue: $828,788
  • 4 Year Average NOI (2022-2025): $228,124
  • Estimated ADS: $140,000
  • Estimated Cash Flow after ADS: $60,000
  • Recent improvements include new mattresses, platform LED bed frames, LVT flooring, vanity lights, 10 new PTAC units, 25 new mini refrigerators, updated Wyndham paint colors, a new fitness room, a refurbished swimming pool, and granite countertops in the lobby and breakfast area.

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Listing Syndicated From

Buildout
For Sale
$2,400,000
Asking Price