for sale
Econo Lodge Inn & Suites
226 W 5th St | Waterloo, IA 50701
Investment Highlights
- 68 guest rooms, five-story, interior corridor
- Convenient downtown location
- Over $780,000 in capital expenditures completed
- May 2025 T12 Revenue: $826,792
- 2024 Room Revenue: $786,322
- 2023 Room Revenue: $746,225
- Priced to sell at $44,118/key
Property Description
The Bowman Post Group of NewGen Advisory 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.
Location Description
Waterloo, Iowa, is strategically located in the northeastern part of the state, serving as a significant transportation hub in the Midwest. The city is at the northern terminus of Interstate 380, which directly connects to Interstate 80 near Coralville, providing a vital north-south link through eastern Iowa. Additionally, U.S. Route 20 runs east-west through the southern part of Waterloo, offering connections across the state and beyond, while U.S. Routes 63 and 218 also serve the area.
For air travel, the Waterloo Regional Airport (ALO) offers commercial service, including twice-daily American Airlines flights to Chicago O’Hare International Airport (ORD), connecting travelers to a wider network of domestic and international destinations. While there isn’t an Amtrak station directly in Waterloo, the nearest Amtrak stations in Iowa are along routes like the California Zephyr (e.g., Osceola or Mount Pleasant) or the Southwest Chief (Fort Madison).
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Andrew Post
Senior Vice President
IA #B67771000
(602) 314-5958
Econo-Lodge-Inn-Waterloo-IA@newgenadv.com