Baymont by Wyndham Cedar Rapids — Sale in Cedar Rapids, IA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Cedar Rapids, IA 52404

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Baymont by Wyndham Cedar Rapids — Sale in Cedar Rapids, IA, photo 2 of 2

Investment Figures

Cap rate
14.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire the 57-room Baymont by Wyndham in Cedar Rapids, Iowa. The property presents an attractive opportunity to acquire a recently renovated hotel operating under the established Baymont by Wyndham brand, offering a buyer the ability to acquire a turnkey asset with limited near-term capital requirements. The property benefits from its location within Cedar Rapids, one of Eastern Iowa’s largest and most diversified economic centers, with demand supported by aerospace, manufacturing, food processing, logistics, healthcare, education, and corporate travel. The Cedar Rapids market is home to a substantial concentration of nationally recognized employers, including Collins Aerospace, CRST, Transamerica, ADM, Cargill, General Mills, Quaker Oats, Whirlpool, BAE Systems, and International Paper. The region’s strong manufacturing and industrial base generates consistent business travel and workforce-related lodging demand, while the city’s healthcare, education, and corporate sectors provide additional sources of overnight demand. Cedar Rapids is also recognized as one of North America’s leading food ingredient and bioprocessing centers and is home to nearly 300 manufacturing facilities. The property’s recent renovation significantly enhances its competitive position within the local limited-service lodging market. With the major renovation work recently completed, a new owner can benefit from an updated physical product while minimizing the immediate capital expenditure typically associated with acquiring an older hotel. The 57-room scale also provides an efficient operating platform, with the potential for a hands-on owner-operator to capitalize on the property’s manageable size and established market presence. The hotel operates under the Baymont by Wyndham brand, a midscale lodging franchise within Wyndham Hotels & Resorts. Baymont was established in 1973 and is positioned toward business and leisure travelers

Market Context

This hospitality in Cedar Rapids, IA is listed for sale. It is offered at an approximate 14.0% capitalization rate, a key benchmark for income-producing hospitality assets. Compare it against other hospitality listings for sale in Cedar Rapids, IA — view the full market.

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