WEST TOWN REALTY - Weeblynewtonholidayinnexpress.weebly.com/uploads/1/7/7/5/1775727/holid… · His hotel management experience as an owner/operator gives Mr. Doran a unique ability

OFFERED AT: $3,995,000

The information contained herein was obtained from sources deemed to be reliable. While we do not doubt its accuracy, we

have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently

confirm its accuracy and completeness.

OFFERING SUMMARY:

PriceNo. Rooms

TypeFloors

LandBuilt

Loan TypePrice Per Room

$3,995,00078

Limited Service3

2.24 Acres1996

new/proposed$51,218

WEST TOWN REALTY 116 W Hubbard Chicago, IL 60654 t (312) 506-4188 f (866) 542-4796www.westtownrealty.com

Holiday Inn Express208 W. 4th Street

Newton, IA 50208

*Some Seller Financing Available For Qualified Buyers*

1. EXECUTIVE SUMMARY

2. TABLE OF CONTENTS

3. GENERAL INFORMATION

4. AREA DEMOGRAPHICS: NEWTON, IA

5. LOCAL HIGHLIGHTS

6. AREA HIGHLIGHTS

7. AMENITIES

8. THE “EXPRESS” BRAND

9. BROKER INFORMATION

10. ADDITIONAL PHOTOS

TABLE OF CONTENTS


GENERAL INFORMATION

The Holiday Inn of Newton, Iowa is an 80 room limited service hotel. The hotel is situated on 2.24 acres and is conveniently located within the active downtown district of Newton. Being placed within the heart of the city allows guests to enjoy Newton to it’s full potential, with guests being within a very short distance of many popular Newton attractions and just a short drive away from countless area tourist destinations.

Hotel amenities include a heated indoor pool, whirlpool, 24 hour business center, fitness room, and a 700 square foot meeting facility that can be altered depending on the individual needs of each guest. In addition , each room comes equipped with signature Holiday Inn Express bedding and the luxurious Smart Start guest bathroom experience.

With the construction of the hotel completed only thirteen years ago, Holiday Inn Express remains one of the most up-to-date hotels within Newton. The exterior of the hotel offers a distinct L-shape lay out and a large entrance canopy. Once entering the hotel, guests will appreciate the rich colors brought out by the combination of deep green, gold, and wood detailing. Furthermore, a 1,101 square foot addition was added in 2000,creating a more updated space.

WEST TOWN REALTY 116 W Hubbard Chicago, IL 60654 t (312) 506-4188 f (866) 542-4796 www.westtownrealty.com

Population (year 2007): 15,166County: JasperLand Area: 10.3 square miles Zip Code: 50208Median resident age: 39 yearsMedian household income (year 2007): $45,693 Median house value (year 2007): $111,612Nearest city with pop. 50,000+: Des Moines, IA (40.1 miles , pop. 198,682)Nearest city with pop. 200,000+: Omaha, NE (206.0 miles , pop. 390,007)Nearest city with pop. 1,000,000+: Chicago, IL (368.9 miles , pop. 2,896,016)

AREA DEMOGRAPHICS: NEWTON, IA


LOCAL HIGHLIGHTS

Holiday Inn Express is located in downtown Newton within a short distance from the new Iowa Speedway. Built in 2006, the speedway can accommodate up to 30,000 people and has become the states premier racetrack and a huge attraction nationwide. In addition to several major events such as the IRL IndyCar Series and the Iowa Corn Indy 250, the venue can also hold concerts and large parties.

Nearby Attractions:

• Iowa Speedway – 3.9 miles• Maytag Dairy Farms 2.2 miles• Sugar Grove Vineyards 5.8 miles• Westwood Park Golf Course - .3 miles• Jasper Winery, Newton - .2 miles• Lake Red Rock – 20.9 miles

Area Festivals:

• Festival of Lights December 22-29• NASCAR Nationwide Series August 1• Iowa Corn Indy 250 June 21• Iowa Sculpture Festival June 13-14• Newton Bluegrass Festival November 28-30• Pella Tulip Festival May 7-9


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AREA HIGHLIGHTS

Pella, IA

Just 15 miles South of Newton, sits the quaint and picturesque town of Pella. Pella’s small town charm is in-part due to the cities impressive efforts to preserve a physical appearance similar to Amsterdam, including canals and windmills. Once a year, the Tulip Time Festival attracts many visitors by littering the city with thousands of flowers and emerging itself in its Dutch heritage.

Grinnell, IA

Grinnell, Iowa is situated just 20 miles North-East from Newton. This is also the location of Grinnell College, which consistently ranks amongst the top liberal arts schools in the country.

• Pella, IA - 15 miles• Grinnel, IA – 20 miles• Des Moines – 38 miles• Iowa City - 93 miles• Cedar Rapids – 116 miles• Peoria – 117 miles• Chicago - 283 miles• St. Louis - 139 miles• Milwaukee – 255 miles

Distance to:


Lake Red Rock, Marion County, IA

Lake Red Rock, just South of Newton, has an overabundance of activities to take part in. As the largest lake in Iowa, Lake Red Rock maintains many hiking trails and parks and has facilities for boat rentals and various other water sport needs.

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FACILITY AMENITIES

ROOM AMENITIES

• Heated Indoor Pool• Whirlpool• Fitness Room• 24 Hour Business Center• 700 square foot meeting facility• Free High Speed Internet• Laundry Services• Free Holiday Express Smart Start breakfastSimply Smart Bath Collection• Conveniently located in downtown Newton, Iowa.

• Room Service• Satellite TV• In Room Movies• Refrigerator• Wake-up Service•Hairdryer in Room• Air Conditioning • Coffee Maker • Fire Alarm with Light


THE “EXPRESS” BRAND

Holiday Inn Express, as a relatively young company, has surpassed many of their competitors to become one of the leading limited service hotel chains. Much of this success is due, in part, to strong marketing and brand management, which has developed a widely recognizable and influential product among consumers.

To ensure consistency amongst the brand, each Holiday Inn Express is built around five core brand hallmarks:

•Express Start Breakfast Bar•Simply Smart Guest Bathroom

•Smart Roast Coffee•Smart Connection Telecommunications

•Priority Club Rewards

In 2008, Holiday Inn Express debuted their new breakfast hot bar featuring bacon, cheese omelets, and a signature cinnamon roll.

In 2005, Holiday Inn Express sought to enhance the guest bath experience by adding elegant

Kohler showerheads.


BROKER INFORMATION

Mr. Doran brings extensive experience in the hospitality industry as owner/operator/developer and Broker to his role as Hotel Specialist with West Town Realty, Inc. He has been in key leadership roles with Pacific Hotel Group and Allure Hospitality, displaying pivotal influence on new hotel acquisitions by drawing on fifteen years experience in real estate development and management. His hotel management experience as an owner/operator gives Mr. Doran a unique ability to assist buyers in identifying opportunities in hotel acquisition, and offering key insights on the day to day operational challenges faced by new operators. D.J. is a very skillful negotiator, and has the ability and the drive to be a real “deal hero” simultaneously in the eyes of the Seller and the Buyer. He has great strength in bringing successful closure to even the most complex transactions.

Mr. Doran earned a B.S. in Computer Science from Southern Methodist University, a B.A. in Business Management from SUNY at Purchase, and had a twenty three year military career as a United States Air Force Reserve pilot. He is currently working toward his “Certified Hotel Brokers” designation.

All of us here at West Town Realty believe in the “win-win” and we have the expertise to make it happen.

CONTACT INFORMATIOND.J. DORAN

WEST TOWN REALTY, INC.116 WEST HUBBARD AVE. 5TH FLOOR

CHICAGO, IL 60654

P 312.506.4173F 866.542.4796M 312.613.1334

E [email protected]

OPERATING DATA

2008 Proforma attached for your reference. Please contact Broker for more information.


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WEST TOWN REALTY - Weeblynewtonholidayinnexpress.weebly.com/uploads/1/7/7/5/1775727/holid… · His hotel management experience as an owner/operator gives Mr. Doran a unique ability