Location: 4619 Lincoln Ave. - I-80 and Hwy 81
Price: $5,850,000 all cash
Rooms: 126
Price Per Key: $46,429
Property Type: Quasi full service w/primary food service leased to Applebee's
Revenue: $1.7M RR & $1.8M Total Revenue
Description
Attractive curb appeal
Interior corridor
- Masonry construction
- Pitched roof (hotel)
- Indoor heated pool
- New hot tub
- Fitness Center
- Business center
- HSIA
- Keyless entry
- Leased Applebee’s on site
- Meeting/Banquet facilities
- Suites w/kitchenettes, hot tubs, living areas
- Sprinklers throughout
Overview
Upon a close review of this interstate Holiday Inn Hotel and Suites, you will quickly discover it is not a typical older Holiday Inn. This well maintained and attractive facility has been repositioned into a modern building. Furthermore, the owner is currently in the process of a re-license product improvement plan, which will further enhance the quality of the hotel. The property also benefits from a franchised on-site Applebee’s Neighborhood Bar & Grill, bringing the recognition of a nationally known restaurant chain. With nearly $1.8M in total revenue (2007), the hotel has demonstrated consistent historical revenue levels, in spite of new competition. Furthermore, net operating income for the past five years, has hovered within the $600K range. At the asking price, the cap rate should exceed 10%
Located 40 minutes west of Lincoln (the State Capitol), the hotel is well positioned at the intersection of two heavy volume 4-lane highways, I-80 and Hwy 81. These two highways deliver significant transient and business traffic to central Nebraska. If you are looking for a quality hospitality franchise with attractive cash flow, this Holiday Inn Hotel and Suites deserve your consideration and evaluation.
Call Maureen Heaney for Confidentiality
Agreement at
913-894-5252
Call Brent Jaynes with questions
Contact
Brent A. Jaynes ~ 913-894-5252
info@leisurerealestate.com
Additonal Information
Contact Listing Broker for More Details