Days Inn Marketing Package
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Newton, Iowa
OFFERED AT: $1,400,000 OFFERING SUMMARY: Price No. Rooms Type Floors Land Built Loan Type Price Per Room
$1,400,000 58 Limited Service 2 5.73 Acres (3 Lots) 1979 new/proposed $24,134
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.
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
GENERAL INFORMATION The Days Inn is a 58 room hotel located directly off the I-80, Highway 6 interchange in Newton, IA. Sitting on over 5 acres of land, the hotel purchase is comprised of three lots, two of which are eligible for commercial sale. The hotel, specifically, sits on 1.79 acres with the 12,679 square foot Days Inn and a 60 car lot comprising a majority of the property. Additionally, the parking lot is able to accommodate large trucks and RVs, which generates revenue through the large amount of travelers passing through each day. Built in 1969, the hotel features 30 singlequeen rooms, 20 double-queen rooms, 6 single-queen rooms with a couch, and 2 suites with a Jacuzzi. Each room is equipped with 27” TVs, microwave, coffee machine, and access to premium cable channels and wireless internet. With the recent brand renovation, each room also includes the Sol Terre Shower and Sleep experience, which was introduced in 2008 and heavily advertised throughout the country. Guests will also enjoy the “Here Comes the Day” breakfast bar, decorated in a simple country motif. “Here Comes the Day” has also been featured in many commercial advertisements highlighting Days Inn’s commitment to their guests.
I-80, the second largest highway in the United States, runs a total of 2,900 miles from San Francisco clears across to New York City. According to the Iowa Department of Transportation, average daily traffic on I-80 next to the Days Inn is estimated at 31,400 vehicles a day. I-80 connects Iowa's two largest cities, Des Moines and Iowa City, with traffic flowing straight through Newton. Iowa Speedway is located directly off of I-80, which provides guests an easy commute to and from the popular Nascar tourist destination!
Days Inn Newton Sunburst Rating: 5 Sunburst Rating of 5 denotes the highest quality rating given to members of the Days Inn franchise. Each year, the Wyndham brand conducts two random inspections focusing on overall quality and upkeep of each hotel. For more information on the Days Inn brand, please see page 7.
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
AREA DEMOGRAPHICS: NEWTON, IA Population (year 2007): 15,166 County: Jasper Land Area: 10.3 square miles Zip Code: 50208 Median resident age: 39 years Median household income (year 2007): $45,693 Median house value (year 2007): $111,612 Nearest 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)
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
LOCAL HIGHLIGHTS The Days Inn is located directly off I-80 and Highway 6, 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
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
AREA HIGHLIGHTS Distance to: • • • • • • • • •
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
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.
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.
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.
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
AMENITIES
FACILITY AMENITIES · Handicapped Rooms/Facilities · Wireless Internet Access · Bus Parking · Truck/RV Parking · 24 Hour Front Desk · Continental Breakfast · Copy Service · Air-conditioned · Smoke alarms
ROOM AMENITIES · Recently upgraded Serta mattresses · High speed internet access · No Smoking Rooms/Facilities · Handicapped Rooms/Facilities · Sol Terre Shower/Bathroom Experience · Sol Terre Sleep Experience Experience
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
THE DAYS INN EXPERIENCE Sol Terre Bed Experience • Four cluster fiber standard size pillows for each full and queen bed. • Five pillows for each king bed • 100% polyester fleece or nylon Vellux® blanket • Home style turndown bed presentation
Sol Terre Shower Experience • Stylish, curved shower curtain rod for more room • Embossed hookless shower curtain with lighter, brighter window panel • Six-function Waterpik® customizable showerhead for preferred water flow • SolTerre® bath amenities, with citrus and sunflower essences • Upgraded Terry cloth bath towels
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
PARCEL INFORMATION
2 1
3
Land Included in Sale: 1.
Lot Size: 1.85, land only
2.
Lot Size: 1.75, includes hotel
3.
Lot Size: 2.13, land only
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
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 INFORMATION D.J. DORAN WEST TOWN REALTY, INC. 116 WEST HUBBARD AVE. 5TH FLOOR CHICAGO, IL 60612 P 312.506.4173 F 866.542.4796 M 312.613.1334 E [email protected]
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
OFFERED AT: $1,400,000 OFFERING SUMMARY: Price No. Rooms Type Floors Land Built Loan Type Price Per Room
$1,400,000 58 Limited Service 2 5.73 Acres (3 Lots) 1979 new/proposed $24,134
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.
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
GENERAL INFORMATION The Days Inn is a 58 room hotel located directly off the I-80, Highway 6 interchange in Newton, IA. Sitting on over 5 acres of land, the hotel purchase is comprised of three lots, two of which are eligible for commercial sale. The hotel, specifically, sits on 1.79 acres with the 12,679 square foot Days Inn and a 60 car lot comprising a majority of the property. Additionally, the parking lot is able to accommodate large trucks and RVs, which generates revenue through the large amount of travelers passing through each day. Built in 1969, the hotel features 30 singlequeen rooms, 20 double-queen rooms, 6 single-queen rooms with a couch, and 2 suites with a Jacuzzi. Each room is equipped with 27” TVs, microwave, coffee machine, and access to premium cable channels and wireless internet. With the recent brand renovation, each room also includes the Sol Terre Shower and Sleep experience, which was introduced in 2008 and heavily advertised throughout the country. Guests will also enjoy the “Here Comes the Day” breakfast bar, decorated in a simple country motif. “Here Comes the Day” has also been featured in many commercial advertisements highlighting Days Inn’s commitment to their guests.
I-80, the second largest highway in the United States, runs a total of 2,900 miles from San Francisco clears across to New York City. According to the Iowa Department of Transportation, average daily traffic on I-80 next to the Days Inn is estimated at 31,400 vehicles a day. I-80 connects Iowa's two largest cities, Des Moines and Iowa City, with traffic flowing straight through Newton. Iowa Speedway is located directly off of I-80, which provides guests an easy commute to and from the popular Nascar tourist destination!
Days Inn Newton Sunburst Rating: 5 Sunburst Rating of 5 denotes the highest quality rating given to members of the Days Inn franchise. Each year, the Wyndham brand conducts two random inspections focusing on overall quality and upkeep of each hotel. For more information on the Days Inn brand, please see page 7.
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
AREA DEMOGRAPHICS: NEWTON, IA Population (year 2007): 15,166 County: Jasper Land Area: 10.3 square miles Zip Code: 50208 Median resident age: 39 years Median household income (year 2007): $45,693 Median house value (year 2007): $111,612 Nearest 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)
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
LOCAL HIGHLIGHTS The Days Inn is located directly off I-80 and Highway 6, 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
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
AREA HIGHLIGHTS Distance to: • • • • • • • • •
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
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.
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.
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.
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
AMENITIES
FACILITY AMENITIES · Handicapped Rooms/Facilities · Wireless Internet Access · Bus Parking · Truck/RV Parking · 24 Hour Front Desk · Continental Breakfast · Copy Service · Air-conditioned · Smoke alarms
ROOM AMENITIES · Recently upgraded Serta mattresses · High speed internet access · No Smoking Rooms/Facilities · Handicapped Rooms/Facilities · Sol Terre Shower/Bathroom Experience · Sol Terre Sleep Experience Experience
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
THE DAYS INN EXPERIENCE Sol Terre Bed Experience • Four cluster fiber standard size pillows for each full and queen bed. • Five pillows for each king bed • 100% polyester fleece or nylon Vellux® blanket • Home style turndown bed presentation
Sol Terre Shower Experience • Stylish, curved shower curtain rod for more room • Embossed hookless shower curtain with lighter, brighter window panel • Six-function Waterpik® customizable showerhead for preferred water flow • SolTerre® bath amenities, with citrus and sunflower essences • Upgraded Terry cloth bath towels
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
PARCEL INFORMATION
2 1
3
Land Included in Sale: 1.
Lot Size: 1.85, land only
2.
Lot Size: 1.75, includes hotel
3.
Lot Size: 2.13, land only
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
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 INFORMATION D.J. DORAN WEST TOWN REALTY, INC. 116 WEST HUBBARD AVE. 5TH FLOOR CHICAGO, IL 60612 P 312.506.4173 F 866.542.4796 M 312.613.1334 E [email protected]
The Hospitality Group at West Town Realty, Inc. 116 W Hubbard St. Chicago IL 60654 o: 312-506-4188 f: 866-542-4796
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