Holiday Inn Express & Suites 120th & Maple - Omaha, NE

New Renovated Formula Blue Holiday Inn Express being offered at well below replacement cost. Located in Omaha, Nebraska.

Property Details

Address 11818 Miami St, Omaha NE 68164 (view map)
Price $7,250,000
Rooms 80
Price Per Key 90,625
Property Type Holiday Inn Express
Revenue Projected ramp up Revenue of $2 Million

Executive Summary

The current owners of the Holiday Inn Express & Suites have renovated the entire hotel with the new formula blue design. The Holiday Inn Express has an indoor swimming pool, fitness center, large breakfast area, LCD TVs in all rooms, and multiple suites.

Hotel Description

The Holiday Inn Express & Suites is located in West Omaha, NE.  Omaha has a metro population of 915,000 people. The Holiday Inn Express & Suites has been gutted down to the walls and completely renovated to the new Holiday Inn Express Formula Blue specifications.  The Hotel opened as an Express on December 1, 2017.  The property is in great condition and shows extremely well.  The Hotel is being offered at well below replacement value.

The Holiday Inn Express was converted from a Country Inn & Suites.  As a Country Inn, the hotel performed well on the weekends, but did not pull in the corporate client.  As a Holiday Inn Express, the hotel should be able to pull from business areas currently not represented by the brand including Miracle Hills and the business park.  The Hotel was closed for the renovation for part of the 3rd and 4th quarter of 2017 before reopening on December 1, 2017.  Below are projections for the hotel after ramping up and the STR Report figures for Omaha.