The Holiday Inn Express & Suites Dodge Omaha features all the attributes of a great investment. The property is ideally located in the heart of Omaha presenting abundant potential.
Omaha is a great business, tourism and sports city. Omaha boasts low tax rates, great schools and an excellent job market. Berkshire Hathaway, The College World Series, Creighton University, The University of Nebraska Omaha, Henry Doorly Zoo, and youth sporting events keep the property well filled on weekend as well as insulate the market from any large downturns.
A number of improvements have been made to the property over the last couple of years with the Holiday Inn Express new formula blue decor. The owners have renovated the pool, lounge/lobby, 8 guest rooms, all hallways, breakfast area and the Rationale breakfast oven. A new PIP (Property Improvement Plan) is also being order by the owners.
We believe this property is a long-term keeper in a consistently strong market at below replacement cost. A new PIP would undoubtedly reposition the hotel to more effectively compete with the comp set. There are very few good hotel opportunities in this price range so it is imperative to jump on this opportunity.