Days Inn - Lincoln, NE

The Days Inn & Suites is in south Lincoln, Nebraska. Lincoln is the home of the University of Nebraska and Nebraska’s State Government. Thus, Lincoln has been largely immune to any downturns in the market. The Hotel is conveniently located in a business’s district in South Lincoln, Nebraska on HWY 2. It has easy access to downtown, the University, shopping, restaurants, and entertainment.

Property Details

Address 1140 Calvert St, Lincoln NE 68502 (view map)
Price 1,100,000
Rooms 45
Price Per Key 24,444
Revenue $300,000

Executive Summary

The Days Inn is a well-built interior corridor building with a brick exterior. The Days Inn has 45 rooms with some large suites. The property has a continental breakfast area in the lobby. The property has not been remodeled for several years and would benefit greatly from interior remodel and clean-up of the parking lot and landscape areas. The property also offers the possibility of a franchise transfer. 

The sellers are looking for offers for the Days Inn in south Lincoln, NE. As recently as 2016 the hotel had revenues over $430,000 however the lack of improvements has placed the Days Inn at a competitive disadvantage to other similar properties in the area. A relatively minor PIP consistent of carpet, paint and furniture approx. $125,000 would immediately bring the Days Inn back to where it could compete equally with other hotels in the area. 

The Days Inn location in south Lincoln on Highway 2 remains a very good location. Lincoln is a wonderful place to live and raise a family. Low tax rates, great schools and excellent job markets make this a great place to plant your roots. The University of Nebraska and Nebraska State Government help insulate the Lincoln market from any large downturns. 

We believe the Days Inn can be an excellent turn around project for the right owner with excellent upside. Local banks are interested in financing the project for the right ownership group.