Developers are planning a $10 million renovation of the Ramada hotel in downtown Waterloo, Iowa. Brian Kern, president and CEO of South Dakota-based Makenda LLC is planning the renovation project. Rod Lindquist is vice president of development for Makenda. Makenda, has a contract to buy the 10-story downtown hotel and renovate it as a dual brand Best Western Plus and Executive Residency, with 99 regular rooms and 69 extended-stay units the project includes interior and exterior work, pool improvements and a new restaurant. Lindquist plans to close on the hotel purchase in early November with renovations completed by August next year.
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