This offering represents superior performance under a growing flag, with extremely attractive revenue and cash flow. The property is extremely efficient with minimal unneeded expenses. Plus it is the newest property in Beatrice and is an Extended Stay hotel priced under 100K a key.

Executive Summary

The My Place is the newest property in Beatrice and was completed in August 2021.  It is located in a premier location on Highway 77 on the North side of Beatrice. My Place is a growing hotel brand across the Midwest and a new owner will receive a new 20-year Franchise License. The current owners built in Beatrice, Nebraska because they believe in the market.

A new owner will benefit from the fact that the Hotel is exactly one year old and is being offered at or below replacement cost. My Place is a growing hotel brand across the Midwest and a new owner will benefit from the brand’s excitement and willingness to adapt.

The My Place is near many demand generators, including the Beatrice Community Hospital, Exmark Manufacturing and other businesses and manufacturers. The property is also in close proximity to restaurants, the Beatrice Municipal Airport,  and the Hannibal Softball Complex.

Beatrice, Nebraska is lively community with over 12,000 people. Beatrice is a progressive community that boasts an excellent educational system and has become a hub for agricultural and livestock companies. Beatrice is 40 minutes from Nebraska’s Capital City, Lincoln, and an hour and a half from its largest city, Omaha.

For more information on Lincoln please check out the following sites:

Beatrice Chamber of Commerce:  https://www.beatricechamber.com/

Lancaster County Economic Development:  https://www.ngagegroup.org/

Property Details

Address
4031 N 6th St., Beatrice, NE 68310
Price
$4,200,000 
Rooms
46 
Price Per Key
$102,174 
Property Type
My Place Hotel 
Revenue
 
Website

Hotel Description

  • 46 keys, opened 2021
  • Located off Highway 77
  • Close to several demand generators
  • Strong performance and cash flow.
  • Extremely efficient property
  • Under 100K a key
  • 2023 Expected Net Rev = 1.3-1.4 Million
  • 2023 Expected NOI = $650,000

 

Contact a Broker

Mike Works

1000 O street Suite 102,
LINCOLN, NE 68508
Phone: 4024163522
Fax: 402-328-2824