Best Internet Rate Guaranteed! Welcome to the Econo Lodge, a Princeton hotel near the Owen Lovejoy Homestead Econo Lodge hotel minutes from Owen Lovejoy Homestead, Red Covered Bridge, Peru Mall and Colton Schoolhouse. Princeton hotel near Ronald Reagan's Boyhood Home Easy access from I-80. Hotel features FREE Deluxe Continental Breakfast, indoor heated pool, over 60 cable TV channels, FREE local calls, free high speed wireless Internet, and guest laundry. Restaurants and shopping nearby. Pets allowed. Whirlpool Suites available.