Hotel Real Estate


  • Asking Price: $235,000
  • Gross Income: $70,000
  • Cash Flow: $37,000
  • Real Estate: $235,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #203868
  • Established: 1902
  • Employees: 1 FT/2 PT

Business Description

This is a great opportunity to own the hotel Real Estate only. The hotel currently has 16 total rooms to rent. There are 11 daily rooms and 5 apartments with longer term tenants. The hotel has a large and a small banquet facility a fully equipped bar and restaurant that are not included in the sale of the hotel real estate however, they can be purchased separately. The seller will entertain a lease back arrangement for the bar and restaurant from the successful buyer.

Business Details

Primary Business Category: Services - Other Services
Location: Iowa

Company Information

Year Established: 1902
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/2 PT

Financial Information

Asking Price: $235,000
Gross Revenue: $70,000
Cash Flow: $37,000
Real Estate: $235,000
Seller Financing Available: No

Property Information


This a great opportunity to own a building that is listed on the National Register of Historical places in Iowa. Building has been renovated but still holds all the charm of a historical building. The rental properties have been updated and hotel has several of the rooms remodeled. Hotel has 16 rooms with 11 rooms for daily rental along with 5 rooms currently used as apartments. Property also has a commercial lease unit hosting a consumer service business.

Growth & expansion opportunities:

Hotel could be listed on AirBnB along with additional marketing to the festivals held in the area. Banquet facilities are underutilized at the moment but could be a good source of additional income.


This hotel is the only hotel in the area. Hotel offers restaurant and bar services for its guests setting it apart from most hotel in a large area.

Reason for selling:

Owner is retiring after 27 years.

Support & Training:

Will train for 2 weeks @ no cost The successful owner will be well served to have strong management and marketing skills. This business gives you the opportunity to work with the public providing a great customer experience.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Michael Rooney

Murphy Business Brokers