Executive Summary
This award winning Comfort Inn is being offered for sale for the very first time! The hotel has been an excellent performer for years and kicks out a great bottom line NOI. The Comfort Inn has been wonderfully maintained with constant renovations. The rooms are in terrific shape and the public areas have all been renovated in the past 2 years to the new Comfort standards. Very little PIP is expected.
Hastings, Nebraska is located in south central Nebraska, 20 minutes from Grand Island and an hour and a half from Lincoln, Nebraska. Hastings is the county seat of Adams County and is home to over 25,000 people. Hastings is a vibrant, growing community that has seen a significant uptick in construction and other development in the past few years. Hastings College is a 4 year university located in Hastings, with over 1400 students. Mary Lanning Memorial Hospital employs over 750 people and is very well respected. Several Manufacturing and Agricultural companies also call Hastings home.
Each weekend throughout the spring, summer and fall, Hastings welcomes thousands of softball enthusiasts and their families for tournaments at the Bill Smith Softball Complex, which has 7 softball diamonds, grand stands and 2 concession stands. The Complex is also home to the Nebraska State Softball Tournament each October.
With great revenues and an excellent bottom line, with little expected PIP, the Comfort Inn is a great asset to own. Please contact Mike Works to receive financial information on the Property.
