Cobblestone Inn & Suites Newton 4222 S 22nd Ave E

Marcus & Millichap is delighted to present the exclusive opportunity to acquire the Cobblestone Hotel & Suites in Newton, Iowa—a 42-room property built in 2013 and still under the ownership of its original developer. This offering represents a rare chance to invest in a well-maintained asset within a stable market, benefiting from consistent demand drivers and a strategic location.
The Cobblestone Hotel & Suites brand, established in 2008 and headquartered in Neenah, Wisconsin, has rapidly expanded to over 160 locations across 29 states. Known for its commitment to providing "Big City Quality, Small Town Values," Cobblestone Hotels focuses on serving smaller communities with upper-midscale accommodations that include amenities such as high-speed internet access, complimentary hot breakfast, convenience stores, fitness centers, and business centers.
Newton, Iowa, with a population of approximately 15,692, serves as the county seat of Jasper County. The city has a rich history in manufacturing and has successfully diversified its economy over the past decade. Major employers in the area include the Newton Community School District (466 employees), Hy-Vee (248 employees), Walmart (240 employees), Van Maanen Electric (240 employees), and MercyOne Newton (232 employees). Additionally, TPI Composites, a leading manufacturer of wind turbine blades, operates a major facility in Newton, further enhancing the city's reputation as a hub for innovation and clean energy. This diverse employment base contributes to a stable economic environment, supporting consistent lodging demand.
The hotel's strategic location offers convenient access to key demand generators, including the Iowa Speedway, a major attraction that draws visitors year-round. Additionally, Newton's proximity to Des Moines enhances its appeal to both business and leisure travelers seeking accommodations outside the metropolitan area. Implementing hands-on operations management strategies can yield excellent ROI and significant upside investment potential, positioning the asset as a competitive and high-performing property within its market.
This investment opportunity combines a reputable brand affiliation, a well-maintained property, and a location within a stable and diversified economic environment. The Cobblestone Hotel & Suites in Newton, Iowa, stands as a compelling addition to any investor's portfolio, offering both immediate operational benefits and long-term growth potential.