- For Sale $10,000,000
- Property Type Other
- Property Size 41,120 SF
- Units 83
- Year Built 1996
- Date Updated Jan 21, 2025
The Holiday Inn Express presents an exciting opportunity to own one of the most renowned and esteemed brands in the hospitality industry. The hotel recently underwent a comprehensive Formula Blue renovation, securing its position with a new 10-year franchise agreement. A new owner should anticipate a light soft goods PIP as part of the change-of-ownership requirements.
Due to repairs in the T12, the pool and elevator were temporarily out of service, impacting revenue. Fortunately, both facilities have since been restored and are now operational, with revenue trending towards $2.5 million in gross revenue (GRR) in 2025.
The Cedar Rapids market features a diverse range of demand drivers, including manufacturing, food processing, agriculture, biotechnology, and medical technology. With the Holiday Inn Express brand being highly sought after, this acquisition represents a reliable and promising investment opportunity in the hospitality sector.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 83 Non-smoking Guestrooms
- Three-story, Interior Corridor
- Recent Formula Blue Renovation
- Industry Leading Brand in a stable, strong market place
False
Contacts
Location
Getting Around
-
Walk Score ®
46/100
Car-Dependent
-
Transit Score ®
21/100
Minimal Transit
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Bike Score ®
36/100
Somewhat Bikeable
- City Cedar Rapids, IA
- Zip Code 52402
Points of Interest
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Casey's General Store
0.41 miles
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Kwik Star
0.47 miles
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Sinclair
0.59 miles
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KwikShop
0.78 miles
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Kwik Trip
0.78 miles
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ChargePoint
0.87 miles
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Fas Fuel
1.24 miles
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Sierra Convenience
1.27 miles
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Hy-Vee Gas
1.28 miles
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Tesla Destination Charger
1.79 miles
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27th Street Lot
1.71 miles
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Prairie Drive Lot
1.79 miles
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Upper Andreas Lot
1.91 miles
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Lower Andreas Lot
1.91 miles
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Immaculate Conception Catholic Church Parking
3.33 miles
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Five Seasons Parking Ramp
3.40 miles
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Lot 10
3.43 miles
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Lot 9
3.46 miles
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Lot 12
3.50 miles
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3rd Avenue Ramp
3.60 miles
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Holiday Inn Express Cedar Rapids (Collins Road)
0.00 miles
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Cedar Rapids Marriott
0.12 miles
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La Quinta Inn & Suites Cedar Rapids
0.13 miles
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Homewood Suites by Hilton Cedar Rapids North
0.19 miles
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Hampton Inn & Suites Cedar Rapids - North
0.25 miles
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Quality Inn
0.29 miles
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Mainstay Suites Cedar Rapids
0.31 miles
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Residence Inn Cedar Rapids
0.60 miles
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Country Inn & Suites By Carlson, Cedar Rapids North
0.75 miles
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Comfort Inn & Suites
0.78 miles
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Chili's
0.05 miles
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Panera Bread
0.14 miles
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Oyama Sushi Japanese Steak House
0.24 miles
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Subway
0.26 miles
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Jimmy John's
0.38 miles
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Domino's
0.39 miles
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Burger King
0.39 miles
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Moe's Southwest Grill
0.39 miles
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McDonald's
0.46 miles
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Buffalo Wild Wings
0.48 miles
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Saint Pius School
0.28 miles
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Harding Middle School
0.30 miles
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Summit Schools
0.47 miles
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Wright Elementary School
0.82 miles
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University of Dubuque
1.06 miles
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Kenwood Leadership Academy
1.10 miles
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Pierce Elementary School
1.20 miles
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Nixon Elementary School
1.31 miles
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John F Kennedy High School
1.40 miles
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Hiawatha Elementary School
1.42 miles
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La Petite Academy
0.46 miles
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Apple Kids Child Care
0.89 miles
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Saving Grace Childcare
1.04 miles
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Jungle Friends Child Care
1.17 miles
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Play Station
1.29 miles
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Mother Goose Day Care
2.07 miles
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Hiawatha Day School
2.36 miles
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Apple Kids
2.72 miles
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Little Learners Christian Preschool
2.77 miles
Frequently Asked Questions
The space currently listed for sale at Holiday Inn Express Cedar Rapids asks for $10,000,000.
Holiday Inn Express Cedar Rapids totals 41,120 square feet.
Holiday Inn Express Cedar Rapids was built in 1996.
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