Log In/Sign Up
Your email has been sent.
Super 8 by Wyndham Oelwein 210 10th St SE 40 Room Hotel Oelwein, IA 50662 $1,798,394 CAD ($44,960 CAD/Room) 13.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Branded Super 8 by Wyndham hotel with immediate operational stability
- Strategic location near U.S. Highway 150 capturing regional traveler demand
- Strong visibility and established economy-segment positioning
- Onsite managerial residence
- Ample on-site parking accommodating cars, trucks, and RVs
- Average Daily Rate of $80 providing a solid baseline for revenue growth
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.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
| Price | $1,798,394 CAD | Lot Size | 1.69 AC |
| Price Per Room | $44,960 CAD | 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 | $1,798,394 CAD |
| Price Per Room | $44,960 CAD |
| 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 | $130.04 CAD | - |
| Guest Room | 36 | $102.37 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 18-28-405-002 | Improvements Assessment | $899,840 CAD |
| Land Assessment | $210,080 CAD | Total Assessment | $1,109,920 CAD |
PROPERTY TAXES
Parcel Number
18-28-405-002
Land Assessment
$210,080 CAD
Improvements Assessment
$899,840 CAD
Total Assessment
$1,109,920 CAD
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.