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Description

Capstone is pleased to present this 104 key hotel conversion opportunity in Des Moines, IA. This commercial real estate offering presents a compelling opportunity for investors seeking
to convert an established hotel into apartment units. This Budget Inn & Suites conversion offers several advantages, including a faster time to market, cost savings compared to new construction, and reduced risk. The property boasts immediate cash flow potential upon completion, meeting strong rental housing demand for studio units in Des Moines. Furthermore, the conversion aligns with sustainable development goals by repurposing an existing building. With in-place amenities like an indoor pool, fitness center, restaurant, ample parking and a meeting space, this project offers a unique investment opportunity to create lasting value in the community.

INVESTMENT HIGHLIGHTS:
• Faster Time to Market: Converting an existing hotel into apartments can be faster than new construction, allowing for quicker occupancy and rental income.
• Cost Savings: Conversions can be more cost-effective than new construction, as the existing structure and infrastructure of the hotel can be repurposed for apartments.
• Reduced Risk: Converting an existing building mitigates some of the risks associated with new construction, such as cost overruns, permitting delays, and construction uncertainties.
• Immediate Cash Flow: Once the conversion is complete, investors can start earning rental income immediately, rather than waiting for a new construction project to be completed.
• Unique Investment Opportunity: Hotel-to-apartment conversions offer investors a unique opportunity to participate in a transformative project that can create lasting value in the community.
• Additional Land Parcel: This offering includes a separately parceled .9 acre corner lot that can be immediately flipped after sale.
• There is strong demand for rental housing in Des Moines, particularly for studio apartments, and this conversion meets that demand

  • Address 5220 NE 14th St
  • City Des moines
  • State/county Iowa
  • Zip/Postal Code 50313

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