This 76-room Holiday Inn Express & Suites opened in August 2018 with the Formula Blue Design. The impressive stone accent and large porte coche provides both a pleasing sense of arrival and a first impression of quality. The hotel offers guests a variety of room types, including large suites. Amenities at this new build hotel include flat screen TV’s, an indoor swimming pool, fitness room, meeting rooms, large breakfast area and guest laundry.
The Nebraska City Holiday Inn Express & Suites is located at the high traffic intersection of Highways 2 and 75. The hotel market has not seen a new hotel open in over a decade, that being the 30 room Best Western. Nebraska City is a young, active community with a population of 7400 located right off the Missouri River. Interstate 29 runs just east of town causing high traffic flow. The larger cities of Omaha and Lincoln are within an hour’s drive of the hotel. Nebraska City’s major employers include Cargill Meat Solutions, American Meter, Arbor Day Farm and CHI – St. Mary’s Community Hospital, all of which provide the property with steady business. Area attractions include the annual Arbor Day celebration, Arbor Lodge State Historical Park, Lied Lodge & Conference Center, Kregel Museum, Kimmel Orchard and the Lewis & Clark Visitor Center.
The Seller is offering to sell the Tax Increment Financing (TIF) incentive separately, if a Buyer wishes to do so. The other option would be for the Seller to retain the TIF and just sell the hotel. Buying the TIF could significantly decrease the amount of equity needed to purchase the hotel. Again, as the hotel is a new build and meets the current Formula Blue design requirements, the hotel should need little to no PIP.
This new build Holiday Inn Express & Suites provides all the attributes of a strong investment. That is, outstanding financial performance, a dominant location in the market, proximity to major attractions and the option of purchasing the TIF. For these reasons we feel this listing deserves your attention.