Log In/Sign Up
Your email has been sent.
Super 8 by Wyndham Oelwein 210 10th St SE 40 Room Hotel Oelwein, IA 50662 $1,300,000 ($32,500/Room) 13.85% Cap Rate
EXECUTIVE SUMMARY
Offered for sale is a 40 room, franchised Super 8 by Wyndham hotel located at 210 10th Street SE, Oelwein, Iowa, providing convenient access to U.S. Highway 150 and serving regional, business, and pass-through travelers. The property operates as a fully functioning, revenue-generating hotel under a long-term Super 8 by Wyndham franchise agreement. The hotel sits on a dedicated hospitality site with ample on-site parking, including space for larger vehicles and RVs. Improvements include guest rooms, front desk and reception area, housekeeping and laundry facilities, storage areas, and exterior signage with strong roadway visibility. The asset is positioned in the economy lodging segment, benefiting from national brand recognition and centralized reservation systems. Current operations reflect an average annual occupancy of approximately 30% with an Average Daily Rate (ADR) of $80, presenting clear upside through operational efficiencies, revenue management, and local market capture. The property serves a stable mix of leisure travelers, regional road traffic, and business guests, including bookings through corporate lodging platforms.
PROPERTY FACTS
| Price | $1,300,000 | Lot Size | 1.69 AC |
| Price Per Room | $32,500 | Building Size | 17,373 SF |
| Sale Type | Investment | No. Rooms | 40 |
| Cap Rate | 13.85% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1996/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.19/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | Commercial | ||
| Price | $1,300,000 |
| Price Per Room | $32,500 |
| Sale Type | Investment |
| Cap Rate | 13.85% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.69 AC |
| Building Size | 17,373 SF |
| No. Rooms | 40 |
| No. Stories | 2 |
| Year Built/Renovated | 1996/2024 |
| Parking Ratio | 2.19/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $94.00 | - |
| Guest Room | 36 | $74.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 18-28-405-002 | Improvements Assessment | $648,580 |
| Land Assessment | $151,420 | Total Assessment | $800,000 |
PROPERTY TAXES
Parcel Number
18-28-405-002
Land Assessment
$151,420
Improvements Assessment
$648,580
Total Assessment
$800,000
1 of 41
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Medallion Food and Beverage LLC
Super 8 by Wyndham Oelwein | 210 10th St SE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.