Hotel investor meeting held in Humboldt

About 15 interested persons and potential investors attended an informational meeting in Humboldt recently to explore possibilities of having another hotel (AmericInn) located in the city. Another meeting for potential investors is planned next week. What is being proposed is a 48-room, three-story, flat-roof hotel, located on either Highway 3 or Highway 169 in Humboldt. According to feasibility studies, the hotel would require a $4.87 million total investment with an estimated $1,462,500 coming from local investors. A return on investment of 5 percent or greater is expected through the first five years. A second meeting is slated for Thursday, Jan. 14, at 5 p.m. at Rustix in the reception meeting room. People wanting more information about the business opportunity, or those wishing to attend the meeting are asked to contact Humboldt County Development Association Executive Director Alissa O'Connor at (515) 332-2557, or e-mail her at: alissa@humboldtcountyiowa.com. Read the full article by subscribing to The Humboldt Independent. Just click on the link at the top of this page.