Econo Lodge Waite Park 815 1st St S

EconoLodge Waite park is centrally located in Waite Park, Saint Cloud at 815 1st Street South boasting 94 well-appointed guestrooms. Highly Visible and Easily Accessible from Highway 94. The hotel features total 94 rooms with two buildings, One building has 59 rooms and recently renovated in 2024 and currently operating and has generated room revenue between $500,000 to $600,000 from 2021 to 2023 highlighting its profitability and potential for further financial growth. Recently renovated in 2024 and changed the flag to Choice EconoLodge, running only 59 rooms with 2 Managers Quarters - 2 bed room apartment with full kitchen and a living room on site. 59 Rooms are fully renovated including new vanity, new faucets in bathrooms, 60% floor vinyl, brand new locks, metal beds, brand new AC, 50 inch TVs and so on.
The Saint Cloud State University, with a student population of 20,000, is the largest employer in the region. The University and Saint Cloud Hospital together employ over 30,000. The Saint Cloud University generates strong lodging demand in the region during events, particularly football games, graduation, family weekends, and academic conferences. Also, Situated very close to Ledge Amphitheater and will boost the revenue too.
Do not miss the opportunity to acquire this rare independent hotel with value-add upside bolstered by a prominent connected location in a strong market.