Best Western La Grande Hacienda in Cherokee, IA Listed for Sale

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CBRE Hotels

May, 16 2024

Best Western La Grande Hacienda    

CBRE Hotels is  the exclusive agent in connection with the solicitation of offers to acquire the fee-simple Best Western La Grande Hacienda. The Best Western is conveniently located off northwestern Iowa’s highways 3 and 59 just minutes from the Cherokee Historic District and the Sanford Museum.

Investment Highlights

2-story, 55-room, interior corridor hotel Minimal PIP; Qualifies for Best Western auto transfer Near the Western Iowa Tech Community College and Convention Center, the Cherokee Regional Medical Center, the
Cherokee Mental Health Institute, Tyson® Foods, Cherokee’s Historic District, featuring the Sanford Museum and
Planetarium and the restored Railroad Depot, as well as the Cherokee, Aurelia and Quimby golf courses. Local events
include Cherokee PRCA Rodeo, the Rosemary Claussen Center for Performing Arts and the Cherokee Jazz and Blues Festival Consistent revenue performance; More or less $850,000 Room Revenue Average Absentee out of state owner. Opportunity for onsite owner operator to increase revenues and profit margins Space available to convert into extended stay suites New roof in 2022 and many recent improvements

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