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Holiday Inn Des Moines DTWN - Mercy Area 1050 6th Ave 251 Room Hotel Des Moines, IA 50314 $7,500,000 ($29,880/Room)
Investment Highlights
- Des Moines Downtown Hotel
- Downtown Demand
- $30k Per Key
Executive Summary
Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers:
The Holiday Inn Downtown Des Moines is ideally located near Mercy Medical Center with convenient access to Interstate 235. The property has undergone $3.5 million in renovations over the past five years and features strong amenities including meeting space, on-site dining, a heated indoor pool and fitness center. Positioned near key demand drivers such as Mercy Medical Center, Casey's Center, Drake University, and Downtown Des Moines.
The Holiday Inn Downtown Des Moines is ideally located near Mercy Medical Center with convenient access to Interstate 235. The property has undergone $3.5 million in renovations over the past five years and features strong amenities including meeting space, on-site dining, a heated indoor pool and fitness center. Positioned near key demand drivers such as Mercy Medical Center, Casey's Center, Drake University, and Downtown Des Moines.
Property Facts
| Price | $7,500,000 | Lot Size | 1.93 AC |
| Price Per Room | $29,880 | Building Size | 146,074 SF |
| Sale Type | Investment | No. Rooms | 251 |
| Sale Condition | Redevelopment Project | No. Stories | 12 |
| Property Type | Hospitality | Year Built/Renovated | 1971/2018 |
| Property Subtype | Hotel | Parking Ratio | 1.67/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C-2 | ||
| Price | $7,500,000 |
| Price Per Room | $29,880 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.93 AC |
| Building Size | 146,074 SF |
| No. Rooms | 251 |
| No. Stories | 12 |
| Year Built/Renovated | 1971/2018 |
| Parking Ratio | 1.67/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Bar
- Indoor Pool
- Convention Hotel
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $149.00 | - |
| Guest Room | 249 | $125.00 | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 030-05196000000 | Improvements Assessment | $7,000,000 |
| Land Assessment | $1,210,000 | Total Assessment | $8,210,000 |
Property Taxes
Parcel Number
030-05196000000
Land Assessment
$1,210,000
Improvements Assessment
$7,000,000
Total Assessment
$8,210,000
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Holiday Inn Des Moines DTWN - Mercy Area | 1050 6th Ave
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