11000 Federal Avenue presents an opportunity to acquire a flagged hospitality asset operating as the Microtel Inn & Suites Colfax/Newton. The property consists of a 39-room hotel situated on approximately 2.12 acres and benefits from immediate access to Interstate 80, one of the Midwest's primary east-west transportation corridors. Its location at the I-80 interchange provides visibility and accessibility for business travelers, regional visitors, and motorists traveling between Des Moines and eastern Iowa.
The hotel's positioning near the Des Moines metropolitan area enhances its appeal to investors seeking exposure to a lodging asset that can serve both transient and regional demand. Colfax is located along a heavily traveled section of Interstate 80 and is within convenient reach of Newton, Altoona, and the greater Des Moines employment base. The property's existing room inventory, established lodging use, and recognizable national brand affiliation create a foundation for continued operation and potential operational improvements under new ownership.
The two-story hotel includes amenities commonly associated with limited-service lodging properties, including business-oriented guest services, internet access, and on-site parking. The combination of interstate access, regional connectivity, and an established hospitality footprint offers potential value for investors pursuing a hospitality acquisition in Central Iowa.