The Iowa hotel for sale is a Howard Johnson located 5 minutes from Interstate 380 in Cedar Rapids. The fee-simple hotel property was originally built in 1987, but was newly renovated in 2008-2009 after a $560,000 renovation project. This select-service Howard Johnson is 2 stories, has 100 guest rooms and 105 parking spaces.
Kyle Stevenson is responsible for Hunter’s brokerage operations out of the Washington, DC office. Kyle has 21 years of hotel finance experience, including corporate banking with affiliates of Chase Manhattan and SunTrust Banks, and ownership of a hospitality industry focused investment banking firm. He participated in financing the development of the Grand Hyatt, Washington, DC and the J.W. Marriott, Washington, DC. Kyle also financed hotels at a portfolio company owned by Allied Capital, a $4 billion investment firm based in Washington, DC. Over the course of his career, he has developed extensive resources and relationships with hotel owners and financing sources. Kyle is a graduate of Georgetown University, where he earned a degree in International Economics.