Holiday Inn Express Cedar Rapids

For Sale

1230 Collins Road NE, Cedar Rapids, IA 52402

This Cedar Rapids property for sale is located at 1230 Collins Road NE. The current listed sale price for Holiday Inn Express Cedar Rapids is $10,000,000.

Contacts

broker
Jeremy Cabe

Avison Young - US - GA - Atlanta

broker
Christopher Kilcullen

Avison Young

Property Details

  • Property Type Other
  • Property Size 41,120 SF
  • Units 83
  • Year Built 1996
  • Date Updated Jan 20, 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.

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Highlights

  • 83 Non-smoking Guestrooms
  • Three-story, Interior Corridor
  • Recent Formula Blue Renovation
  • Industry Leading Brand in a stable, strong market place

Getting around

  • 46/100

    Walk Score ®

  • 21/100

    Transit Score ®

  • 36/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Cedar Rapids, IA
  • Zip Code 52402

Points of Interest

  • Casey's General Store

    0.41 miles

  • Kwik Star

    0.47 miles

  • Sinclair

    0.59 miles

  • KwikShop

    0.78 miles

  • Kwik Trip

    0.78 miles

  • ChargePoint

    0.87 miles

  • Fas Fuel

    1.24 miles

  • Sierra Convenience

    1.27 miles

  • Hy-Vee Gas

    1.28 miles

  • Tesla Destination Charger

    1.79 miles

  • 27th Street Lot

    1.71 miles

  • Prairie Drive Lot

    1.79 miles

  • Upper Andreas Lot

    1.91 miles

  • Lower Andreas Lot

    1.91 miles

  • Immaculate Conception Catholic Church Parking

    3.33 miles

  • Five Seasons Parking Ramp

    3.40 miles

  • Lot 10

    3.43 miles

  • Lot 9

    3.46 miles

  • Lot 12

    3.50 miles

  • 3rd Avenue Ramp

    3.60 miles

  • Holiday Inn Express Cedar Rapids (Collins Road)

    0.00 miles

  • Cedar Rapids Marriott

    0.12 miles

  • La Quinta Inn & Suites Cedar Rapids

    0.13 miles

  • Homewood Suites by Hilton Cedar Rapids North

    0.19 miles

  • Hampton Inn & Suites Cedar Rapids - North

    0.25 miles

  • Quality Inn

    0.29 miles

  • Mainstay Suites Cedar Rapids

    0.31 miles

  • Residence Inn Cedar Rapids

    0.60 miles

  • Country Inn & Suites By Carlson, Cedar Rapids North

    0.75 miles

  • Comfort Inn & Suites

    0.78 miles

  • Natural Grocers

    0.52 miles

  • Target

    0.57 miles

  • Asian General Store

    0.64 miles

  • Ken's Magic Shop

    0.75 miles

  • Our Himalayan Store

    0.78 miles

  • Kohl's

    1.03 miles

  • TJ Maxx

    1.17 miles

  • New Pioneer Food Co-Op

    1.23 miles

  • Hy-Vee

    1.26 miles

  • Cassil Motors

    1.38 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Holiday Inn Express Cedar Rapids
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