Vibrant Division I College Town: The Hotel benefits from its prime location, only three miles from Iowa State University.  Ames, a lively college town, is anchored by the institution and its variety of surrounding medical, corporate, athletic, and leisure demand generators. Mainstream tourism and leisure, specifically, will enable prospective owners to implement strategies to capture massive upticks in demand during game days and performance events.

Leading Region for Innovation and Manufacturing: The Hotel is surrounded by renowned infrastructure promoting innovation and manufacturing. A new owner will enjoy the advantages from its Ames location, directly exposing business travelers to a skilled workforce, natural materials, and Iowa State University’s arsenal of resources.

Excellent Visibility Near Major Interstate: Situated directly at the crossroads of I-35 and Highway 30 in the heart of Iowa and the Midwest, the Hotel is highly visible to passengers travelling on the primary state roads. These routes provide quick and easy access to virtually every major Midwest market.

Business Friendly Environment: Ames’s ideal business environment encourages ongoing corporate relocation and development, specifically through the region’s avid Business Retention & Expansion visits, which maximize opportunities for corporate entities.  New investors can capitalize on the region’s increasing activity and support from the Ames Regional Economic Alliance.

Marriott Brand Affiliation: The Hotel is strongly positioned because of its Marriott affiliation.  A premier hotel company renowned for its reliable standards and consistent operations across brands, Marriott enjoys an extensive Bonvoy reward loyalty program with over 177 million members.

Offered Well Below Replacement Cost: The opportunity to acquire this asset well below replacement cost allows an investor to benefit substantially from a combination of location in a growing economy and upside opportunity. The national average cost of building a hotel has increased significantly in the past few years. Given the size and condition of this Hotel, as well as the increased cost of labor and supplies in today’s market, we can reasonably assume that the construction of this Property would be significantly more than the target selling price of this asset.

Fee Simple Interest: The Property will be offered as fee simple.