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Hotel For Sale • 25,000 SF
Econolodge Inn and Suites has 68 guestrooms, with 31 two-room suites. The property was renovated in 2023 and 2024 with capital improvements of over $750,000. Revenues have increased by over 40% and continue to grow.
The property is located conveniently in Downtown Waterloo, near the Waterloo Convention Center at Sullivan Brothers Plaza. The hotel is right off Route 218 and just two blocks from the Cedar River, Young Arena, and Phelps Youth Pavilion, making it easy to visit various attractions. Waterloo Center for the Arts, the Grout Museum, and the Cedar Valley Sportsplex are half a mile from the hotel. Additionally, we are only a 10-minute drive from Lost Island Waterpark, Isle Casino, and the Waterloo Regional Airport.
The hotel offers a hot complimentary breakfast, meeting space, exercise room, guest laundry, and business center resources for business travelers.
| Econo Lodge Inn and Suites in Downtown Waterloo offers savvy investors the opportunity to capitalize on over $750,000 of recent renovations. |
| Capital improvements include exterior painting, a new roof, parking lot resurfacing, an upgraded lobby, modernized guestrooms, and more. |
| Guests benefit from amenities such as complimentary breakfast, a business center, laundry facilities, an exercise room, and nearby entertainment. |
| Centrally located, visiting the Waterloo Convention Center, Cedar Valley Sportsplex, and Lost Island Waterpark is no more than a 10-minute drive. |
| Revenues have increased dramatically by over 40% and continue to grow, providing a secure investment opportunity for discerning buyers. |
| National industries like John Deere, Maytag, and Amana reinforce the demand for quality lodging options for weekly visitations in the area. |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 50 |
| Type: | Surface |
| Included in Rent: | Yes |