11% Cap Rate at the list price!  If you are looking for a well-positioned asset in a major college town with higher revenue, strong net income and multiple demand generators, look no further!  This 81 room, all suite hotel deserves your attention!

Executive Summary

This very profitable, 81 all suite Comfort Suites East Lincoln is in one of the highest rated college towns in America.  The property opened in 2009 and is well located in the growing south quadrant of Lincoln, off heavily traveled O Street.

Lincoln, NE, with nearly 300,000 residents, is a southeast commercial hub in Nebraska.  It is home to the University of Nebraska, a member of the Big 10 conference.  With a student population in excess of 26,000, it is a major demand generator and one of the most notable brands in the Midwest.  The university is located near downtown Lincoln, which is also home to the State Capitol.  These two major employers drive a significant amount of business for the hospitality industry.  Area attractions also include the hands-on exhibits at the Lincoln Children’s Museum, the Museum of American Speed, Sunken Gardens and the Lincoln Children’s Zoo.

Amenities at this all suite hotel include flat screen TV’s, an indoor swimming pool and spa, fitness room, meeting rooms, large lobby and breakfast area and guest laundry.  The hotel is a TripAdvisor Certificate of Excellence Award Winner (4.5 Stars).

The Comfort Suites East Lincoln provides all the attributes of a strong investment.  That is, outstanding financial performance, a strong location in a growing market and proximity to major attractions.  For these reasons we feel this listing deserves your attention.

Property Details

Address
331 N. Cotner Blvd., Lincoln, NE 68505
Price
$7,250,000 
Rooms
81 
Price Per Key
$89,506 
Property Type
Limited Service 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • 2009 Build – all suite hotel
  • 11% Cap Rate at the list price
  • 3 floors w/elevator
  • TripAdvisor Certificate of Excellence Award Winner (4.5 Stars)
  • Located off heavily traveled O Street, near many attractions
  • Across the street from Gateway Mall
  • Pleasing sense of arrival with large porte coche and stone accents
  • Large Suites
  • Indoor Swimming Pool & Spa
  • Fitness Room
  • Meeting Room
  • Sundry Shop
  • Guest Laundry

Contact a Broker

Mike Works

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

Dave Jones

KS
Phone: 913-499-4725