Executive Summary
The Super 8 in Fremont, Nebraska has undergone a complete transformation in making the conversion to Super 8 in late 2013. Everything from the lobby, breakfast room, carpets, beds, furniture, lighting and TVs in the rooms to a new roof, new Anderson windows, new water heaters and a new commercial washer have been replaced. What the owners have ended up with is an excellent hotel that is showing 80% increases in revenue.
Fremont has a population of 26,000 people, features several large employers, an excellent school system with two higher level education institutions (Midland University and Metro Community College), a newly renovated and expanded regional hospital and medical center, and a progressive attitude. Fremont also is conveniently located only 30 minutes from Omaha, Nebraska and 1 hour from Lincoln, Nebraska.
The Super 8 is an excellent property for an owner/operator looking to move up or an investor who enjoys very solid cash flow and the knowledge that no capital improvements will be needed at the property for the next 7-10 years.
