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Super 8 Independence 2000 1st St W 38 Room Hotel Independence, IA 50644 $1,800,773 CAD ($47,389 CAD/Room)



Executive Summary
The Super 8 by Wyndham in Independence, Iowa offers a rare hospitality investment opportunity, coming to market for the first time in 30 years. This well-maintained, 38-guestroom hotel includes an onsite two-room manager’s apartment, creating operational efficiency and reducing staffing overhead for an incoming owner.
Positioned in a stable Eastern Iowa market with consistent leisure and commercial demand, the property benefits from long-term ownership, disciplined upkeep, and recent capital improvements. The hotel features brand-new mattresses and linens throughout, significantly reducing near-term CapEx and enhancing guest satisfaction. Operationally, the asset is clean and compliant, having passed its most recent Wyndham Quality Assurance audit, underscoring its adherence to brand standards and readiness for a new owner.
This Super 8 represents an attractive acquisition for investors seeking a manageable, branded, limited-service hotel with upside potential.? Its established presence, strong regional demand drivers, and turnkey operational profile create a compelling opportunity to secure a long-held asset in a growing Midwest corridor.?
Positioned in a stable Eastern Iowa market with consistent leisure and commercial demand, the property benefits from long-term ownership, disciplined upkeep, and recent capital improvements. The hotel features brand-new mattresses and linens throughout, significantly reducing near-term CapEx and enhancing guest satisfaction. Operationally, the asset is clean and compliant, having passed its most recent Wyndham Quality Assurance audit, underscoring its adherence to brand standards and readiness for a new owner.
This Super 8 represents an attractive acquisition for investors seeking a manageable, branded, limited-service hotel with upside potential.? Its established presence, strong regional demand drivers, and turnkey operational profile create a compelling opportunity to secure a long-held asset in a growing Midwest corridor.?
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $1,800,773 CAD | Building Size | 15,825 SF |
| Price Per Room | $47,389 CAD | No. Rooms | 38 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1991/2019 |
| Property Subtype | Hotel | Parking Ratio | 2.4/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.78 AC | ||
| Zoning | Commercial | ||
| Price | $1,800,773 CAD |
| Price Per Room | $47,389 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.78 AC |
| Building Size | 15,825 SF |
| No. Rooms | 38 |
| No. Stories | 2 |
| Year Built/Renovated | 1991/2019 |
| Parking Ratio | 2.4/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $130.21 CAD | - |
| Guest Room | 35 | $102.51 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06.33.351.010 | Improvements Assessment | $772,103 CAD |
| Land Assessment | $177,758 CAD | Total Assessment | $949,861 CAD |
Property Taxes
Parcel Number
06.33.351.010
Land Assessment
$177,758 CAD
Improvements Assessment
$772,103 CAD
Total Assessment
$949,861 CAD
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Super 8 Independence | 2000 1st St W
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