Auction - Depot Inn & Suites | 2006 Built | $368K NOI… — Sale in La Plata, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: La Plata, MO 63549

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Description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3358/hospitality/la-plata/mo Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, Depot Inn & Suites at 1245 N Brown Street in La Plata, Missouri is a 30-room, independently operated boutique hotel on ±1.55 acres. The ±16,885 SF Property includes 26 standard guest rooms and four themed luxury suites, plus a heated indoor pool, fitness center, meeting space, complimentary breakfast, outdoor recreation areas, and an extensive railroad memorabilia collection. The Hotel generated approximately $814,000, $873,000, and $861,000 of total revenue in 2023, 2024, and 2025, respectively, with three-year average NOI of approximately $393,000. ADR increased from approximately $109 in 2024 to $114 in 2025 to $116 in 2026, demonstrating continued pricing power. Located near La Plata’s Amtrak station and serving visitors to Truman State University, A.T. Still University, state parks, and the broader Kirksville area, the Property benefits from a diversified demand base. An incoming owner can preserve the Hotel’s distinctive railroad-themed identity while pursuing upside through rate optimization, occupancy growth, and operating efficiencies. Investment Highlights: • STARTING BID $650,000 | Depot Inn & Suites | 2006 Built | $368K NOI | $849K Room Revenue | AUCTION OCTOBER 19-21 • 30-Room Boutique Hotel on ±1.55 Acres - Independent lodging asset spans 16,885 SF with 26 standard rooms and four themed luxury suites. • Proven Earnings with Consistent Performance - 2025 NOI reached ±$368K and approximately $849K in average annual revenue (2023-2025). • Amenity-Rich Guest Experience Sets It Apart - Pool, fitness center, meeting room, breakfast, patios, bicycles, and whirlpool tubs add appeal. • Diversified Northeast Missouri Demand Base - Amtrak, Truman State, A.T. Still, state parks, and Kirksville generate varied year-round visitation. • Operational Upside

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