YTD 2023 shows a significant revenue increase over 2022.
5 minutes from the University of Nebraska and downtown Lincoln.
2023 Revenue up by approximately 13%.
2023 ADR up by over $4.
2023 Occupancy up 9%
Executive Summary
We are pleased to offer for sale the fee simple interest in the New Victorian Suites in Lincoln, Nebraska. The property presents an opportunity to obtain a well-established property the a capital city with the state’s flagship university and diverse corporate, government and leisure demand drivers in a desirable Midwest market.
The New Victorian Suites is in a premiere location on 48th and O Street and is in close proximity to many demand generators, including the University of Nebraska, Bryan East Hospital, Southeast Community College, and Gateway Mall.
The New Victorian Suites is an independent property that does approximately 1.5 Million in Revenue. A buyer can purchase an asset producing substantial returns with no franchise fee. The New Victorian Suites is a stable acquisition in a proven recession-resistant market due to it being in Nebraska’s state capital, which is home to the largest university in the state and the state government.
The hotel was built in 1997 and is being offered at less than 50% of the replacement cost. The opportunity to acquire this Hotel allows an investor to benefit substantially from a combination of location in a growing economy and upside opportunity. The Property is a unique opportunity for a buyer to rebrand the hotel to a new Hilton Spark, Best Western SureStay, Choice, or Wyndham franchise.
