A SECOND MAJOR PRICE REDUCTION OF $500K!!!  NOW OFFERERED AT $10,900,000

ALMOST $3 MILLION IN REVENUE AND NEARLY $1.1 MILLION IN NET OPERATING INCOME

$140 ADR WITH A $94 REVPAR         MANAGEABLE PIP

Executive Summary

A Second Major Price Reduction of $500K.  $94 RevPar and over $1M in NOI

Leisure Real Estate Advisors is pleased to announce it has been retained as exclusive marketing agent for the potential sale of this Holiday Inn Express & Suites, Columbus, NE.  This 90 key Express & Suites is well positioned on Hwy 30, in the heart of Columbus and was developed and built by one of the most respected developers in Nebraska.   This Express has been superior top line performer and has delivered consistent cash flow to its owner.   The hotel has undergone a Formula blue PIP (2019) and features a variety of suites, many with sitting areas and two TVs.

Columbus is an interesting and diverse business community of about 24,000.  It is known for its manufacturing and agribusiness, as well as its healthcare facilities.   Large international manufacturers include Becton Dickinson, (medical technology) and Behlen Manufacturing (ag products).  Nebraska Public Power has its HQ in Columbus.  Archer Daniels Midland (ADM) has a large grain processing facility in Columbus.  In addition to the foregoing businesses, Columbus is becoming a gaming tourism destination, with the May 2024 opening of a $75 million Harrah’s Racetrack & Casino, managed by Caeser’s Entertainment.   Caeser’s is a household name in the gaming business and is known for the quality of and the public’s attraction to their gaming venues.  Harrah’s offers 500 slots, 14 gaming tables, a sportsbook, several restaurants and features a one-mile thoroughbred track.

Columbus has proven to be a very good business town and with the addition of a new Harrah’s casino, the tourism appeal of the City should be greatly increased.

Notable national & global employers:

  • Behlen Manufacturing Co, (ag equipment)
  • Becton Dickinson (medical products)
  • Archer Daniels Midland (ADM) (food processing)
  • Cargill (crop production)
  • Vishay (electronics)
  • Menard’s (retail)

Other attractions:

  • Harrah’s Racetrack & Casino (gaming & thoroughbred racing)
  • Andrew Jackson Higgins National Memorial
  • Pawnee Plunge Water Park

 

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Property Details

Address
524 23rd St. , Columbus, NE 68601
Price
NOW OFFERED at $10,900,000 
Rooms
90 
Price Per Key
121,111 
Property Type
Limited service - upper midscale 
Revenue
Call or email for CA 
Website
Holiday Inn Express & Suites Columbus NE

Hotel Description

  • PRICE REDUCED by again, $500K.  Now offered at $10,900,000!!

  • 90 keys
  • Built 1999
  • New 15 year license will be available
  • $140 ADR and a $94 RevPar (Jan 2024 STR)
  • Ownership transfer PIP is available
  • Developed and built by one of Nebraska’s most respected and highest rated developers.
  • Attractive revenue and consistent performer, with cash flow that supports the price point.
  • Newer tankless water heaters, both domestic and laundry
  • Newer dehumidification system
  • Manageable PIP expected
  • A variety of suites including those with sitting areas and 2 TVs.
  • Very nice indoor pool
  • New Harrah’s full-service gaming and racing casino is nearby, & opened May, 2024
  • Highly rated on IHG (4.8) and on the travel websites
  • Hwy 30 frontage between Menard’s and a Super Walmart

Contact a Broker

Brent Jaynes

13000 W 87th St. Pkwy, Suite 108
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771