Holiday Inn Express North in Cedar Rapids, Iowa.
Holiday Inn Express North in Cedar Rapids, Iowa.

Holiday Inn Express North in Cedar Rapids is now owned by Hawkeye Hotels of Iowa City, Iowa. The hotel has 83 rooms. It underwent a $1.5 million renovation last spring. Amenities include a swimming pool, fitness room and business center.

The January closing marks the first in a series of strategic acquisitions planned for 2017, said Ravi Patel, president of the family-owned business.

Hawkeye Hotels now owns and operates more than 50 hotels across 18 states, including 14 hotels in its home state of Iowa. The company has averaged one transaction per month over the past two years.

“This acquisition is not only a sound investment, but more importantly a way to support economic prosperity in the Hawkeye state,” said Patel. Cedar Rapids is experiencing significant economic growth, with the commercial aerospace and health care industries expected to grow in coming years, he said.

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