A lot happens at ISU the other 325 days of the year. The conference center they are putting together will CHANGE the dynamic of that area alone. Can you make the 50K / year float with an AirBNB, still very doubtful. You'd need to get $160 a night for 320 days a year to break even (VERY ROUGHLY) they'd probably be able to get rented at a 30% rate for around 225-250 though. Then you'd live the high life on game days for the remaining 30K.
Cytown Update
- Thread starter norsemen
- Start date
No need to tailgate. Cytown will be providing free food and beer to all who attend . . . . .Hearing that on gameday no tailgating allowed anymore. The spots will be needed for Cytown people to park.
Yea seems like they could work the grain bin theme (corrugated metal) into each side as support stuctures/side rooms vs. having the center structure look like a grain bin.
Chicken N Pickle type place would be awesome
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I bet if you donate more than Sukup they'll make it look like just about anything you want it to look like. If not, might just want to get on board with the grain bin esthetic!
I, for one, am happy to have Sukup as a diehard Cyclone.
There might be a market during student visits during the summer, those things are a family affair nowadays.
Conferences and those types of things?
It might work, but I wouldn't want to expect the Airbnb part to cover the lease.
Hourly? What am I gonna do with the other 57 minutes?Don'tcha mean the *hourly* rate??
Considering the convenience/location, I expect the average entry-level room rate is going to be in the $150-175 per night range for an average night. Probably more for a MBB game weekend night. This rate is what you'd see on the road in any random town for a solid Hilton/Marriott hotel with reasonable demand.
I picked a random night at the Scarlet hotel in Lincoln and that holds pretty well.
What kind of nightly premium would people be willing to pay for a CyTown room?
Personally, I'd probably pay an extra $50. If it's any more than that, I'd be completely fine with my usual plan of staying at the Day's Inn on Duff and either Ubering to athletic facilities, or walking 20 minutes on a nice Saturday AM.
Personally, I'd probably pay an extra $50. If it's any more than that, I'd be completely fine with my usual plan of staying at the Day's Inn on Duff and either Ubering to athletic facilities, or walking 20 minutes on a nice Saturday AM.
Gateway Center can get $400 a night on game weekends for a basic room with two queen beds. I think it's arguable that a brand new hotel that is in an even more convenient location will be a much cheaper stay. My guess is the rates at the new hotel will be about the same and Gateway will become cheaper to spend the night as more people flow into the Cardinal.
I stayed at the Canopy by Hilton in Scottsdale recently.
Seems very similar to this type of vibe.
I think if you have decent coffee/decent bar/lounge you can get $250 a normal night and $400 an athletic night.
Seems very similar to this type of vibe.
I think if you have decent coffee/decent bar/lounge you can get $250 a normal night and $400 an athletic night.
I wouldn’t be surprised if The Cardinal is reserved for certain donor levels on game days.
A coffee shop would make a killing in the NE corner of CyTown near the new CyRide commuter station.
Goldenrod will be operating the hotel. Athletics is multiple steps down the chain of command on this project now. They are the primary marketing tool of it, but the hotel will be operated by Goldenrod.
I would expect the hotel to operate just like any other hotel in Ames on gameday.
