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Property Detail

West 5th Street
Econo Lodge Inn and Suites in Downtown Waterloo offers savvy investors the opportunity .
$2,500,000

Description

  • Econo Lodge Inn and Suites in Downtown Waterloo offers savvy investors the opportunity to capitalize on over $750,000 of recent renovations.
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  • Guests benefit from amenities such as complimentary breakfast, a business center, laundry facilities, an exercise room, and nearby entertainment.
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  • Revenues have increased dramatically by over 40% and continue to grow, providing a secure investment opportunity for discerning buyers.
  • Capital improvements include exterior painting, a new roof, parking lot resurfacing, an upgraded lobby, modernized guestrooms, and more.
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  • Centrally located, visiting the Waterloo Convention Center, Cedar Valley Sportsplex, and Lost Island Waterpark is no more than a 10-minute drive.
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  • National industries like John Deere, Maytag, and Amana reinforce the demand for quality lodging options for weekly visitations in the area.

Executive Summary

Econo Lodge Inn and Suites Waterloo is centrally located in vibrant Downtown Waterloo at 226 W 5th Street. Boasting 68 well-appointed guestrooms, including 31 spacious two-room suites, this recently renovated property has undergone extensive enhancements totaling over $750,000 invested between 2023 and 2024. Updates range from exterior painting, a new roof, and a resurfaced parking lot to a refreshed lobby, upgraded breakfast room, and renovated guestrooms with new carpeting, modern bathrooms, and stylish furniture.

Business amenities include a meeting space, a business center, guest laundry facilities, and an exercise room, complemented by a complimentary hot breakfast, ensuring a pleasant stay. Guests enjoy seamless access to the Waterloo Convention Center, Sullivan Brothers Plaza, and nearby attractions such as the Waterloo Center for the Arts, Grout Museum, and Cedar Valley Sportsplex, all within a short walk or drive. The hotel is just minutes from the Cedar River, Young Arena, and Phelps Youth Pavilion for leisure activities. Moreover, a 10-minute drive to Lost Island Waterpark, Isle Casino, and Waterloo Regional Airport further enhances the property's accessibility.

Strategically positioned near national industries like Rockwell Collins, Maytag Appliances, Amana Refrigerators, and John Deere, the hotel caters to weekday business travelers seeking comfort and convenience. With revenues climbing over 40% year-on-year, Econo Lodge Inn and Suites Waterloo presents a secure investment opportunity in Waterloo's bustling commercial market.

Take advantage of this incredible investment offering to acquire Econo Lodge Inn and Suites Waterloo. Its prime location and modern comforts make it an ideal choice for discerning buyers looking in Northeast Iowa's Cedar Valley Region.

Econo Lodge Inn & Suites Waterloo

Listing ID : 00952

SKU: 952

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Price History

DateEventPrice
December 16 2024Listed$2,500,000.00