This original owner independent hotel will surprise you, both in quality and cash flow. The property is ready to run and without major capital expense.   Plus, there are no franchise fees to pay or a PIP to deal with, but could be flagged if one wished to do so.   Review the improvements shown below and then the price per key, and you will understand the appeal of this offering.  

Executive Summary

If you are looking for stable revenue history and ample cash flow, this independent hotel might be the one.  The Monument Inn & Suites is very well maintained and achieves similar online reviews as the local upper mid-market franchised hotels.   Being an independent, there are no franchise fees, application fees or PIP requirements.  The property features 60 rooms with a variety of suites.  A NEW roof was installed in 2021 and all the linens were replaced as well.

Gering is a mid-sized town of approximately 8,500 located on Hwy 71 in northwest Nebraska. It is 40 miles north of I-80. The market area, consisting of Gering and Scottsbluff, (neighboring city) is about 23,500.

Area attractions include the Scotts Bluff National Monument, North Platte River, Oregon Trail, Agate Fossil Beds National Monument and Chimney Rock.  The hotel is also adjacent to the Gering Civic Center, which brings in multiple groups to the area.  Leading employers include Regional West Medical Center, Western Nebraska Community College, Western Sugar Cooperative and BTC West (transportation).

If you are interested in an independent property with strong revenue and significant historical cash flow, please investigate further.

Property Details

Address
1130 M Street, Gering, NE 69341
Price
$2,850,000 
Rooms
60 
Price Per Key
$47,500 
Property Type
Limited Service 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • 60 keys
  • Built 1998
  • 2- story, interior corridor
  • NEW roof & security camera system – 2021
  • NEW linens – 2021
  • Newer washers & boilers – 2018
  • Suites with wet area & separate sitting areas
  • Fitness room & meeting room
  • Guest laundry
  • Outdoor gazebo with gas grill & seating
  • Adjacent to convention center
  • Absentee owned

Contact a Broker

Dave Jones

13000 W 87th St. Pkwy, Suite 108
Lenexa, KS 66215
Phone: 913-499-4725