Overview
NEW PRICE REFLECTS OWNER'S MOTIVATION, PRICE SIGNIFICANTLY REDUCED . NOW OFFERED AT $9,900,000
$93 REVPAR, ALMOST $3 MILLION IN REVENUE AND OVER $1 MILLION IN NET OPERATING INCOME
MANAGEABLE OWNERSHIP TRANSFER PIP FOR NEW 15 YEAR LICENSE IS AVAILABLE IN THE DATA ROOM
This 90 key Express & Suites is well positioned on Hwy 30, in the heart of Columbus, NE and was developed and built by one of the highest rated developers in Nebraska. This Express has been superior top line performer and has delivered consistent cash flow ssince it was built. The hotel features a variety of suites, many with sitting areas and two TVs.
A review of the Columbus Express financial files will quickly describe the appeal of this offering, especially if one enjoys cash flow. The ownership transfer PIP is manageable and is similar to "soft surface refresh". Columbus has proven to be a very good business/hospitality town and with the addition of a new Harrah's casino, the tourism appeal of the City should be significantly enhanced.
Investment Highlights
- PRICE REDUCED. Now Asking $9,900,000
- $93 RevPar (May STR 2025), Nearly 3M in revenue and over $1M in NOI IN 2024.
- 90 keys, built 1999, New 15 year license will be available
- Developed and built by one of Nebraska's most respected and highest rates developers.
- Attractive and consistent revenue producer, with cash flow that supports the price point
- Renovation completed in 2019 and many systems replaced; Manageable PIP
- Newer dehumidifaction system in pool and tankless water heaters, both domestic and laundry
- 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 opened May, 2024 is nearby
- Highly rated on IHG (4.8) and on the travel websites
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