Overview
The Holiday Inn Express & Suites Ames presents investors with a compelling acquisition opportunity in a flourishing, Division I college town market in the heart of the Midwest. Situated immediately off Interstate 35 at Exit 113 with superb visibility and access, the asset caters to the Iowa State University community and visitors, as well as Ames’s elite business and scienceoriented economy.
The Hotel is the leading performer in a comp set saturated by numerous Marriott and Hilton brands. Ranked 1 of 6 among its competitors according to STR, the Holiday Inn Express & Suites Ames achieved a 122.6% RevPAR penetration in the March 2025 TTM period, indicating that it outpaces in both occupancy and rate. The Property is offered unencumbered of brand and management, enabling new investors to capitalize on its strong performance and select an ideal flag and management strategy to bolster its already strong NOI.
A three-story 75-guestroom hotel originally built in 2000, the Hotel features modern amenities that appeal to both Iowa State fans and travelers, as well as the ongoing corporate and commercial demand in Ames. The city is notable for outstanding innovation and growth supported by the Ames Chamber of Commerce, in addition to compelling corporate tax-incentives. New investors will enjoy the Hotel’s strategic location, strong and leading performance, and ideal business climate and are well-positioned to maximize returns in this booming college town community colored by perpetual innovation and success.
Investment Highlights
Offered Unencumbered by Brand and Management
The Holiday Inn Express & Suites Ames is offered unencumbered by brand and management. An investor possesses the opportunity to select a preferred franchise flag and management partner upon purchase of the Property.
Robust Region for Innovation and Manufacturing within Vibrant Division I College Town
The Hotel benefits from its prime Ames location surrounded by innovation and manufacturing, as well as its proximity to Iowa State University, less than three miles from the Hotel. Situated within a hybrid-business and industrial nexus, the Hotel will enable prospective owners to implement strategies to capture a unique combination of upticks in demand from Ames’s diverse corporate and industrial landscape, coupled with massive Division I athletic and leisure demand.
Leading RevPAR in Comp Set
The Hotel achieves the highest RevPAR relative to its comp set in the Mar 2025 TTM period. Boasting a penetration of 122.6%, the Holiday Inn Express & Suites Ames outpaces its competition, including several Marriott and Hilton properties, in occupancy and rate.
Excellent Access to Major Interstate
Directly off I-35 in the heart of Iowa and the Midwest, the Hotel’s location provides quick and easy access to the primary state road. This route connects Ames to virtually every major Midwest market and receives substantial passenger traffic.
Offered Well Below Replacement Cost
The opportunity to acquire this asset well below replacement cost allows an investor to leverage being located in a growing economy and acquiring the Property at an attractive cost basis.
Fee Simple Interest
The Property will be offered as fee simple
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