115 Cleveland St

Reco Real Estate Advisors is pleased to present the Comfort Inn Muscatine, a 49-room, interior-corridor Upper Midscale hotel at 115 Cleveland Street in Muscatine, Iowa. The Choice Hotels-flagged Property sits at the US-61 / Park Avenue junction on the city's north-side commercial corridor, where US-61 carries 18,900 vehicles a day, 28 miles from the Quad Cities and 40 miles from Iowa City. Muscatine is a manufacturing and headquarters city of 23,164 on the Mississippi River, home to HNI Corporation and KENT, with no hotel rooms under construction anywhere in its submarket.

The Property is 0.3 miles from the headquarters of KENT, which employs 949 and opened an $80 million, 174,000-square-foot plant in June 2026, and 2.0 miles from HNI Corporation's headquarters, the city's largest employer with 3,100 employees. Kraft Heinz (382 employees), 1.1 miles away, has a $48 million plant investment approved in November 2025 that retains 404 jobs; UnityPoint Health – Trinity Muscatine hospital (365 employees) is 1.7 miles, and Muscatine Community College, which serves more than 2,000 students a year, is 0.9 miles. Weekend and tournament business comes from the Muscatine Sports Campus, 3.7 miles away, which drew more than 800,000 visits in a year and added the 122,000-square-foot Musco Sports Center dome in November 2025. Bayer (460 employees), SSAB (509), Musco Lighting (411) and Raymond (450) add weekday corporate and contractor stays.

Opened in April 1999, the Property is a 49-room, three-story, interior-corridor building with an elevator on a 1.04-acre site in a federal Opportunity Zone. Hotel amenities include an indoor pool, exercise room, complimentary hot breakfast and guest laundry; the hotel is pet-friendly and FEMA-approved for government travel. Surface parking is on site. The Property sits in a four-hotel, 241-room competitive set that has not added a room since 2024 and whose newest hotel opened in 2010.

No hotel rooms are under construction in the Iowa Southeast Area submarket, and none have opened there in the past 12 months. Room supply across the submarket contracted 4.6% in 2025 and a further 4.0% through July 2026, while 12-month occupancy rose 5.4%, ADR 1.4% and RevPAR 6.8% to $47.09 in the 12 months ending July 2026. The Muscatine competitive set ran 50.3% occupancy and $50.03 RevPAR over the same period, above the submarket. With fewer rooms in the region and no new ones coming, the demand goes to the hotels already open.