The GrandStay Hotel in Rock Valley, Iowa, presents a robust opportunity for investors or owner-operators seeking an established hospitality asset. Built in 2019, this three-story property features 46 fully appointed rooms and offers guests modern comfort in a like-new environment. The property spans over 31,000 square feet on a 2.16-acre lot and includes ample on-site parking with 46 spaces.
Strategically located near US Highway 18, the hotel capitalizes on strong regional connectivity and accessibility to local amenities and dining hubs. Operational performance demonstrates a solid revenue base, supported by a 9% cap rate, an average daily rate (ADR) of $120.73, and three-year historical occupancy averaging 52.91%. This property benefits from minimal deferred maintenance, reliable financials, and contemporary design elements that meet evolving guest expectations.
Ideal for owner-occupiers or regional portfolio investors, this offering combines modern construction, favorable market positioning, and proven income potential at a competitive price point of $3,250,000.