Research Monthly report
Iowa hotel market update, December 2025
- Iowa
Iowa hotels ran 51.8% occupancy at a $109.48 ADR over the last twelve months, RevPAR -1.4%. 1 hotel sold and 8 new hotels are in the works.
Iowa's hotel market for December 2025: how hotels performed, what sold, where rates stand and what is being built. For a closer look at a specific market or hotel, ask for a report.
Occupancy, trailing 12 months
51.8%
ADR, trailing 12 months
$109.48
RevPAR, trailing 12 months
$56.33
-1.4% year over year
RevPAR, Nov '25 vs Nov '24
+1.5%
Performance
Across every Iowa hotel, the trailing twelve months averaged 51.8% occupancy, a $109.48 ADR and $56.33 RevPAR, with RevPAR -1.4% on the year before.
RevPAR for Nov '25 was +1.5% against Nov '24.
Month by month, Iowa RevPAR in 2025 against 2024, through November:
All figures are from STR and run a month behind. For a specific market or scale, reach out.
Sales
| Hotel | City | Price | Note |
|---|---|---|---|
| Red Lion Grimes | Grimes | $2,700,000 |
Sale prices come from public records and may not include capital allocated to FF&E or goodwill. Want to know more about one of these sales? Get in touch.
Capital markets
| Rate | As of November 30, 2025 |
|---|---|
| Prime rate | 6.75% |
| 10-year Treasury | 4.14% |
| 5-year Treasury | 3.69% |
New developments
Boundaries, roads and water: U.S. Census Bureau (TIGER/Line).
New hotels in Iowa:
- AC Hotel Cedar Rapids West, Cedar Rapids
- Boutique Hotel at Field of Dreams, Dyersville
- The Key Hotel Dubuque (Tapestry Collection), Dubuque
- Holiday Inn Express Cedar Rapids SW, Cedar Rapids
- Hotel Osceola, Osceola
- Element Hotel, Des Moines
- Hyatt House, West Des Moines
- Tru by Hilton, Ankeny
Other developments that bring travelers:
- Meredith / Dotdash HQ Expansion, Des Moines
- Krause+ Gateway District Redevelopment, Des Moines
- DSM Airport Terminal Expansion, Des Moines
- Iowa Events Center / Wells Fargo Arena Upgrades, Des Moines
- University of Iowa Hospital Expansion, Iowa City
- Riverfront Crossings Redevelopment, Iowa City
- Collins Aerospace Expansion, Cedar Rapids
- Field of Dreams Stadium & Campus Expansion, Dyersville
- Ames Research Park Expansion, Ames
- Iowa State University Campus & Research Buildouts, Ames
- Google Data Center Expansion, Council Bluffs
- Sioux City Downtown Revitalization, Sioux City
- QTS Data Center, Cedar Rapids
- Google Data Center, Cedar Rapids
- Cedar Crossing Casino, Cedar Rapids
Tools
- Full hotel underwriting and waterfall model. Download the Excel model free. Questions or changes you'd recommend are welcome.
- A report on your hotel or market. Ask for one and we'll be in touch.
Thinking about what your hotel would sell for? Request a valuation.