Hotel O Oskaloosa | 2278 N 63 Hwy
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Hotel O Oskaloosa 2278 N 63 Hwy
40 Room Hotel Oskaloosa, IA 52577 $1,371,543 CAD ($34,289 CAD/Room) 12.25% Cap Rate
Investment Highlights
- 41 Unit, 2-Story Exterior Corridor Hotel
- Priced to Sell at 2.5x 2024 Revenue
- Includes Profitable Liquor and Tobacco Store
- Perfect for Owner-Operator, with 3 Bedroom Manager's Apartment
- Highly Profitable - 12.25% Cap Rate
- 2024 Revenue $396,664
Executive Summary
The Hotel O is a 41-unit, two-story exterior corridor hotel located in Oskaloosa, Iowa. The property features a convenient on-site liquor store at the front, adding an additional revenue stream and attracting additional visitors. Currently, the hotel uses OYO's reservation system, however there is no PIP required.
Oskaloosa is a charming and steadily growing community located one hour from Des Moines, IA, offering a range of attractions including the Southern Iowa Speedway, Southern Iowa Fairgrounds, and William Penn University. The hotel is well-positioned to serve visitors exploring the region. Currently, only 32 rooms are rentable, and a new owner could capture additional revenue by renovating the remaining 9 rooms.
This highly profitable hotel is an excellent investment opportunity for an owner-operator, complete with a three-bedroom manager's apartment.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
Oskaloosa is a charming and steadily growing community located one hour from Des Moines, IA, offering a range of attractions including the Southern Iowa Speedway, Southern Iowa Fairgrounds, and William Penn University. The hotel is well-positioned to serve visitors exploring the region. Currently, only 32 rooms are rentable, and a new owner could capture additional revenue by renovating the remaining 9 rooms.
This highly profitable hotel is an excellent investment opportunity for an owner-operator, complete with a three-bedroom manager's apartment.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
Property Facts
| Price | $1,371,543 CAD | Lot Size | 2.58 AC |
| Price Per Room | $34,289 CAD | Building Size | 20,000 SF |
| Sale Type | Investment | No. Rooms | 40 |
| Cap Rate | 12.25% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1974 |
| Property Subtype | Hotel | Parking Ratio | 2/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $1,371,543 CAD |
| Price Per Room | $34,289 CAD |
| Sale Type | Investment |
| Cap Rate | 12.25% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.58 AC |
| Building Size | 20,000 SF |
| No. Rooms | 40 |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $129.94 CAD | - |
| Guest Room | 39 | $82.29 CAD | - |
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PROPERTY TAXES
| Parcel Number | 10-01-476-005 | Improvements Assessment | $188,915 CAD |
| Land Assessment | $90,719 CAD | Total Assessment | $279,635 CAD |
PROPERTY TAXES
Parcel Number
10-01-476-005
Land Assessment
$90,719 CAD
Improvements Assessment
$188,915 CAD
Total Assessment
$279,635 CAD
zoning
| Zoning Code | C |
| C |
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Hotel O Oskaloosa | 2278 N 63 Hwy
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