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Holiday Inn Hotel and Suites - York, Nebraska

You need to see this hotel! Owner just completed $1.1M PIP, including re-launch.....steady income producer.

Property Summary

Location 4619 Lincoln Ave. - I-80 and Hwy 81
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
Brokers Get More Information Here   Buyers Get More Information Here
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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 $1.75M in total revenue (2008, without the lease income), the hotel has demonstrated consistent historical revenue levels, in spite of the weak economy and new competition. Furthermore, net operating income for the past five years, has hovered within the $595K range.

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

 


Additional Photos

Lobby & Sitting AreaDouble Queen RoomStandard King RoomSuite Living AreaIndoor PoolBanquet HallBusiness CenterAP Entry

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
info@leisurerealestate.com
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