P&E Hotel Advisors is proud to have been selected as the exclusive representative for the sale of the Comfort Inn & Suites Mason City, a recently renovated, 60-key, interior-corridor, upper-midscale hotel located in the Iowa Northeast submarket.

Offered at $75,000 per key, the property delivers strong in-place cash flow with institutional underwriting metrics and measurable operational upside.

Originally constructed in 1990 and renovated in 2024, the three-story, 26,658 SF asset sits on 1.06 acres along a high-visibility commercial corridor with traffic counts exceeding 18,000 vehicles per day. The property benefits from proximity to downtown Mason City, regional healthcare providers, corporate employers, and ongoing downtown redevelopment initiatives.

The hotel operates under the Comfort Inn flag by Choice Hotels International, providing access to national reservation systems, brand recognition, and the Choice Privileges loyalty platform. The recent renovation and capital improvements position the asset for improved ADR penetration relative to the competitive set.

The offering presents an attractive yield profile, with a projected Year-1 cap rate of approximately 10.5% and 21% cash-on-cash return under leveraged assumptions. With limited new supply in the immediate submarket and continued public and private investment in Mason City, the property is positioned as a stable Midwest income-generating asset.

Located within a designated Opportunity Zone, the asset offers potential long-term tax planning advantages for qualified investors.

This opportunity is well suited for regional owner-operators seeking yield expansion, as well as private investors pursuing stabilized hospitality cash flow in a low-volatility market.