This absentee-owned 85 room Travelodge Inn & Suites has an attractive location in Muscatine, IA. Located off Iowa Highway 61, the property is conveniently located close to shopping, restaurants and Muscatine’s demand generators.
Many improvements have recently been made to the property, including new carpet, paint, beds, bedding, water heater and digital PTAC units. The breakfast room has been totally remodeled and the owners have installed a new heater for the indoor swimming pool.
The hotel offers a number of room types, from a standard room to whirlpool and fireplace suites. There are also 10 “Themed Suites” which are extremely popular. Extended stay business (construction, utility & energy companies) makes up approximately 15% of the room revenue.
Muscatine has a strong business community with demand generators such as HNI Corporation, Kent Corporation (formerly Muscatine Foods), SSAB Steel, Musco Lighting, Monsanto and Muscatine Power & Water.
Given the price point of the offering (less than $20K/Key), the increasing revenue, solid net income and location, we feel this hotel deserves your attention.