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23806826
23806827

226 W 5th St, Waterloo, IA 50701

AP
IA IA B67771000, CA CA 01960611 (+8)
BPG Hotels
Listed by BPG Hotels
$2,400,000
364 days on market
Updated 25 days ago
Opportunity zone

Waterloo IA | Econo Lodge

Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 49,199
Keys 68
Year Built 1964
Buildings 1
Stories 5
Acreage 0.630

Downtown Location | $826k Revenue

Marketing description

Andrew Post is pleased to present the exclusive listing of the Econo Lodge Inn & Suites – Waterloo, IA. This 68-room, five-story hotel features an interior corridor design including 31 expansive two-room suites and has undergone significant capital improvements exceeding $780,000 since the latest PIP cycle. These comprehensive upgrades include exterior painting, a new roof, parking lot resurfacing, a refreshed lobby, an enhanced breakfast area, and modernized guestrooms featuring new carpeting, contemporary bathrooms, and updated furnishings.

Econo Lodge Inn & Suites – Waterloo, IA hotel’s prime location in downtown Waterloo offers guests convenient access to key destinations for both business and leisure. Just minutes from the Waterloo Convention Center, Cedar Valley Sportsplex, and the Grout Museum District, the property also sits near major attractions like Lost Island Waterpark and Isle Casino. Proximity to regional employers such as John Deere and Rockwell Collins enhances its appeal for corporate travelers.

For more information, with instant access to the Offering Memorandum and Due Diligence click here: https://docs.google.com/forms/d/e/1FAIpQLSeiYdig3WcVVFsBW5bwgzJ9ttM_D5EEHwnn904x5FHAsAr1Sw/viewform?usp=publish-editor

BOR: Andrew Post | NewGen Advisory IA, LLC | IA #B67771000

Investment highlights

  • 68 Guest Rooms, 5 Story, Interior Corridor

  • Convenient Downtown Location

  • Over $780,000 in Capital Expenditures Completed

  • 2025 Room Revenue: $881,988

  • 2025 Total Revenue: $936,986

  • Offered at 2.7x Room Revenue Multiplier

  • Priced to Sell at $35,294/key

  • Quality Inn brand available to qualified buyer

For more information, with instant access to the Offering Memorandum and Due Diligence click here: https://docs.google.com/forms/d/e/1FAIpQLSeiYdig3WcVVFsBW5bwgzJ9ttM_D5EEHwnn904x5FHAsAr1Sw/viewform?usp=publish-editor

Listing Contacts

AP
IA IA B67771000, CA CA 01960611 (+8)
BPG Hotels
Listed by BPG Hotels

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Additional Information

Name
Andrew Post
License
IA B67771000
Brokerage Phone
805-557-8857
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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