Great looking Comfort Inn for sale by original owners in Hastings, Nebraska. 61 rooms with over $20,000 per key in revenue. NOI over $400,000!

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.

Property Details

Address
2903 Osborne Drive, Hastings, NE 68901
Price
$3,750,000 
Rooms
61 
Price Per Key
61,475 
Property Type
Limited Service 
Revenue
$1,236,669 
Website
 

Hotel Description

  • Comfort Award Winner
  • 61 Rooms
  • 5 Suites, including a 3 bedroom suite.
  • Fitness Room
  • 2 Bay Meeting Room
  • Renovated Lobby, Breakfast Room and Public Areas
  • Refrigerators and Microwaves in All Rooms
  • 32″ LCD TVs
  • Interior Corridor
  • Immaculate Condition
  • Elevator

Contact a Broker

Mike Works Headshot

Mike Works

KS
Phone: 402-416-3522
Fax: 402-328-2824