1401 N 2nd St - Hospitality FOR SALE


Cherokee, IA 51012
$2,500,000 USD
562-412-0799
1401 N 2nd St, Cherokee, IA for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

1401 N 2nd St
Cherokee, IA 51012


OVERVIEW

55 Rooms BW, Sellers own this since May 2013, Property is in Excellent Condition, Sellers live in CA, and now its time to sell the property. New Roof in 2023 period, ALL new BW Approved TVs in 2025, New BW approved Mattresses in ALL rooms in 2025, BW PIP DEX 3.0 Signed off in Sept 2025. Average revenues are 900k, 2025 was $1.M+, asking is 3 Times revenues, Buyers to open escrow & Contact BW to verify for AUTO TRANSFER approval. BW contracts are yearly contracts, Renewal is Nov 1st, every year. few days notice required to cancel, Spark by Hilton was available few years ago,subject to PIP. Needs a Good Operator. We are also selling Days Inn Fort Dodge, IA, 90 miles away, if you want to buy 2 properties at a time, and get a package discount, Pick up the phone and call me. Please note 1) Sellers WILL need to Prequalify Buyers as to their Down Payment and Experience, if you do not wish to share that informatiion,do not contact us. We will accept a Lenders Pre-Approval letter that you are approved by them to buy a hotel to a total value of $xxx. For Some strange reason, buyers feel insulted when asked about their downpayment,experience and background.If you also feel the same,please do not call us, we do not wish to waste time with numerous unqualified buyers. Thank you very much.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$78 USD /SF

# OF ROOMS

55

PRICE/ROOM

$45,455 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western La Grande Hacienda

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1976

PARKING SPACES

75

LAND DETAILS

LAND ACRES

3.07 AC

LAND SF

133,729 SF

ZONING

C

APN/PARCEL ID

7-22-451-010

ASK ABOUT THIS PROPERTY

Mike RajaPioneer Realty & FinanceMore Info
562-412-0799

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Mike RajaPioneer Realty & FinanceMore Info
562-412-0799

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.