Hotel-Motel
Super 8 Cedar Falls
7515 Nordic Dr, Cedar Falls, IA 50613
Listing Price: $2,399,500
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the Super 8 by Wyndham Cedar Falls, a 57-room limited-service hotel strategically located in Cedar Falls, Iowa. The property offers investors the opportunity to acquire an established hospitality asset in a stable Midwestern market supported by a diverse mix of university, corporate, manufacturing, healthcare, and leisure demand. With its established brand affiliation and convenient location within the Cedar Falls–Waterloo metropolitan area, the hotel is positioned to benefit from both transient and extended-stay visitation throughout the year.
Cedar Falls is anchored by the University of Northern Iowa (UNI), a major regional institution with approximately 9,000 students and a significant influence on the area's lodging demand. The university generates recurring visitation from prospective students, families, faculty, athletic teams, alumni, and campus-related events. In addition to UNI, the broader Waterloo-Cedar Falls market serves as a regional employment center with a substantial manufacturing and industrial base. Major employers and demand generators include John Deere's extensive Waterloo operations, which encompass manufacturing and engineering activities, as well as healthcare, education, retail, logistics, and other industrial employers throughout the market. The proximity of Waterloo and Cedar Falls creates a broad employment base and supports consistent corporate and commercial lodging demand.
The Super 8 brand provides the property with recognition among value-oriented travelers and access to Wyndham Hotels & Resorts' global reservation, loyalty, and distribution platform. Super 8 traces its origins to 1974 and has grown into one of the industry's best-known economy lodging brands. Today, Super 8 is part of Wyndham Hotels & Resorts, one of the world's largest hotel franchising companies, with a portfolio spanning numerous brands and thousands of hotels globally. The brand's economy positioning is designed to serve price-conscious business and leisure travelers seeking convenient accommodations and consistent brand standards.
Super 8 Cedar Falls
Investment Highlights
- Current Management Leaves Room for Significant Owner-Operator Upside
- RevPAR Index above 100 Every Year Since 2022, Peaking at 139
- Sleep Inn Conversion Path with Elevator Plans already Approved
- Located off US-20 near the University of Northern Iowa, John Deere Waterloo Works and Waterloo Regional Airport
Listing Price: $2,399,500
Investment Highlights
- Current Management Leaves Room for Significant Owner-Operator Upside
- RevPAR Index above 100 Every Year Since 2022, Peaking at 139
- Sleep Inn Conversion Path with Elevator Plans already Approved
- Located off US-20 near the University of Northern Iowa, John Deere Waterloo Works and Waterloo Regional Airport
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire the Super 8 by Wyndham Cedar Falls, a 57-room limited-service hotel strategically located in Cedar Falls, Iowa. The property offers investors the opportunity to acquire an established hospitality asset in a stable Midwestern market supported by a diverse mix of university, corporate, manufacturing, healthcare, and leisure demand. With its established brand affiliation and convenient location within the Cedar Falls–Waterloo metropolitan area, the hotel is positioned to benefit from both transient and extended-stay visitation throughout the year. Cedar Falls is anchored by the University of Northern Iowa (UNI), a major regional institution with approximately 9,000 students and a significant influence on the area's lodging demand. The university generates recurring visitation from prospective students, families, faculty, athletic teams, alumni, and campus-related events. In addition to UNI, the broader Waterloo-Cedar Falls market serves as a regional employment center with a substantial manufacturing and industrial base. Major employers and demand generators include John Deere's extensive Waterloo operations, which encompass manufacturing and engineering activities, as well as healthcare, education, retail, logistics, and other industrial employers throughout the market. The proximity of Waterloo and Cedar Falls creates a broad employment base and supports consistent corporate and commercial lodging demand. The Super 8 brand provides the property with recognition among value-oriented travelers and access to Wyndham Hotels & Resorts' global reservation, loyalty, and distribution platform. Super 8 traces its origins to 1974 and has grown into one of the industry's best-known economy lodging brands. Today, Super 8 is part of Wyndham Hotels & Resorts, one of the world's largest hotel franchising companies, with a portfolio spanning numerous brands and thousands of hotels globally. The brand's economy positioning is designed to serve price-conscious business and leisure travelers seeking convenient accommodations and consistent brand standards.
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