Hotels More
Holiday Inn Hotel and Suites - York, Nebraska
Property Summary
| Location | 4619 Lincoln Ave. - I-80 and Hwy 81 York, Nebraska |
| Price | $5,400,000 all cash |
| Rooms | 126 |
| Price Per Key | $42,857 |
| Property Type | Quasi full service w/primary food service leased to Applebee's |
| Revenue | $1.642,710 RR (2008) and estimated Total Rev. $1,760,000 for 2008 |
Executive Summary
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 constructed facility has been repositioned into a modern building. Furthermore, the owner has recently completed a major product improvement plan, which will further enhance the quality of the hotel. The renovations, plus the re-launch program improvements, totaled $1.1M. 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 $1.70M in total revenue (2009, including the lease income), the hotel has demonstrated consistent historical revenue levels, in spite of the weak economy and new competition.
Located just 40 minutes west of Lincoln (the State Capital), 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 renovated hotel with a steady income stream, this Holiday Inn Hotel and Suites deserves your consideration and evaluation.
Call Brent Jaynes for Confidentiality Agreement at:
913-894-5252
Hotel Description
- Completely renovated, including re-launch
- Attractive Curb Appeal
- Masonry Construction
- Pitched Roof
- Interior Corridor
- Indoor Heated Pool
- New Hot Tub
- Fitness Center
- Business Center
- Keyless Entry
- Suites w/Kitchenettes, Hot Tubs, Living Areas
- Sprinklers throughout
- Leased Applebee’s on site
- Meeting/Banquet Facilities
- HSIA
PIP IMPROVEMENTS WILL INCLUDE:
- New Case Goods
- New Carpet
- New Soft Goods
- New 32” Flat Screen TV’s
- New Beds
- New Counter Tops
- New Lighting Package
- Renovated Lobby
Contact Leisure Real Estate
|
Brent A. Jaynes 913-894-5252 bjaynes@leisurerealestate.com |
