Ramada Tropics Resort & Conference Center by Wyndham

5000 Merle Hay Road Des Moines, IA

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Sale Price: $18,000,000

Building Size: 137,340 sq. ft.

Total Available Space: 137,340 sq. ft.

Suite Size: 137,340 Sq. Ft.

Property Type: Business Opportunity | Hospitality

Year Built: 1970

Property Description

Property Features

  • 166 room hotel
  • Building size: 137,340 sq. ft.
  • Total lot size: 9.85 acres (428,860 sq. ft.)
  • Large, indoor water park
  • Year built: 1970 - remodeled 2010
  • Several updates in 2017 & 2018
  • Paved, on-site parking
  • Zoning: C-H Highway Commercial District
  • All showings must be set up by broker

Pricing

  • Price: $18,000,000 ($108,437/ key)
  • Price includes FF&E
  • 2017 revenue: $5,184,872
  • Financials available upon request for 2018 and year-to-date

Location

  • Located at the intersection of I-35 and Merle Hay Road
  • Area neighbors include: McDonald’s, Holiday Inn & Suites, Taco Bell, Merle Hay Mall

Brokers

Troy Fawcett, CCIM, SIOR

President/Principle Broker

Office Phone: (605) 444-7120

Troy is the President/Principle Broker of NAI Sioux Falls and has 17 years experience in the Sioux Falls Commercial real estate market. Troy is very creative and capable, with a deep knowledge of the local market. Troy has achieved both the CCIM and SIOR designations and is committed to learning and networking through these affiliations to the benefit of his clients.

View Troy's Profile