Quality Inn & Suites - Lincoln, NE

Property Details

Address 1511 Center Park Rd, Lincoln NE 68512 (view map)
Price $2,350,000
Rooms 66
Price Per Key 36,363
Revenue $718,000

Executive Summary

The Quality Inn & Suites is located 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 an industrial businesses district in South Lincoln, Nebraska near HWY 2. It has easy access to shopping, restaurants, and entertainment. 

Since 2013, the Quality Inn & Suites has had every room and public area remodeled. The Quality Inn is in great condition and shows extremely well. The Hotel also has a phenomenal and extensive 3 bedroom living quarters/apartment in the rear of the building. 

Hotel Description

The current owners of the Quality Inn & Suites have renovated all public areas within the last 5 years. The Quality Inn has an outdoor swimming pool, fitness center, large breakfast area, LCD TVs in all rooms, and multiple Jacuzzi suites. The owners expect there to be no more than a minimal PIP from Choice. Also, the Hotel has a gorgeous large apartment in the back of the hotel. The current owners live in the apartment and have obtained a waiver from Choice to live in the apartment. 

 

The Quality Inn & Suites is an exciting opportunity for either an owner/operator or an investor to buy a fully renovated Quality Inn in Lincoln, Nebraska. The Quality Inn is ideally located off the heavily traveled Hwy 2 and Expressway 77. The Quality Inn has had all the public areas and rooms renovated and a minimal PIP is expected 

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. 

Just as it was for the current owners, we believe that this Property is a long-term keeper in a consistently strong market that will continue to provide good income for years to come. There are very few good hotel opportunities in this price range, so jump on the opportunity to find one in a great city and great location before it is gone.