Property Overview

The Cobblestone in Vinton, IA is a 2-story, interior corridor hotel constructed in 2009. The property is 31 rooms and has significant upside for an owner operator. The property is owned by an absentee owner and has operated under third party management. The hotel features a bar area which serves beer and wine; breakfast area, business center, convenience store, and fitness center. There is no elevator in the property. All rooms have a micro/fridge, flat panel TV’s, hairdryer, iron, and alarms. The property must remain a Cobblestone Inn & Suites with a new 10 year license subject to approval from the franchise. The property is being sold as a potential Short Sale and may need lender approval. DO NOT VISIT OR CONTACT THE PROPERTY DIRECTLY. ALL SITE VISITS MUST BE APPROVED BY TED HOLMES.

Property Highlights

Asking Price$1,100,000
LocationWest of I-380
Property DescriptionLimited Service
Number of Rooms31
Major Source of BusinessTourism, Education & Medical
Site Size+/- 2.45 Acres
Year Built 2009
Last Year Renovated 2009
Common Area AmenitiesBreakfast Area, Guest Laundry, 24-Hour Onsite Convenience, 24-Hour Front Desk, Business Center, Meeting Room & Bar