Value-Add Investment Opportunity: This 80-room Baymont Inn & Suites in Keokuk, Iowa, presents an exceptional value-add investment opportunity for the savvy buyer. With a prime location, generous amenities, and strong potential, this property offers a unique chance to revitalize a full-service hotel and capitalize on its untapped potential. Situated on Main Street, the hotel boasts high visibility, prominent signage, and is directly across from the River City Mall, which is undergoing a transformative renovation. Just two blocks from the Mississippi River and a pedestrian scenic overlook, this property is well-positioned to attract both business and leisure travelers. Room Mix: 4 King Sts, 24 King Rooms, and 52 Double Rooms. Banquet Hall: 5,700 SF finished basement with a reception area, bathrooms, and flexible space divisible into three sections. Renovation could unlock significant revenue potential.
– Largest Pool in a 50-Mile Radius: A standout feature to attract families and groups.
– Additional Amenities: A fully equipped fitness center, business center, and meeting room.
Restaurant and Office Potential: The main-level office suite, formerly a restaurant and bar, includes a large kitchen space ripe for redevelopment. Wyndham’s PIP requirements include exterior painting, window replacements, and furniture updates, providing a clear roadmap for improvements. With these upgrades, the property can quickly reposition itself as a competitive, profitable asset in the market.