The ABVI Palmer Inn in York, Nebraska is an excellent opportunity for an investor or an Owner/Operator. The ABVI is ideally located on busy 4 lane Highway 81 just 1/2 mile north of Interstate 80. York boasts an excellent school system, a 4 year York College, and an excellent hospital. Lincoln, the capital of Nebraska, is only 40 miles away
The opening of the 40,000 square foot Holthus Convention Center within a 1/4 mile of the ABVI is projected to provide a significant revenue boost to all of the hotels at the York exit. This Convention Center can host events up to 1500 guests and has 11 total meeting rooms with a grand ballroom and built in stage for large events.
The ABVI is a consistent revenue producer with an excellent bottom line. The Hotel is in great shape and is easy to operate. Attractively priced to sell at just over 2.5 times 2013 revenue.
The ABVI is in excellent shape and will need little to no PIP. The motel has 40 remodeled rooms and the owners have done significant upgrades over the past 3 years, with almost all new HVACs, new drapes, new bedding, microfridges, a new ice machine and guest laundry. There is also a large garage in the back of the property.
The ABVI has a wonderful two story living quarters with 3 bedrooms and two baths.
With an outdoor pool and a grill area, the ABVI is great for weekend travelers or for long term construction stays. And with almost 5 acres of land, there is room to expand into the RV business or perhaps storage units.
The owners added a steel roof with a lifetime warranty in 2007.