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524 23rd St Columbus, NE 68601
Holiday Inn Express & Suites Columbus
Asset ClassHotel & Hospitality
overview of deal

Overview

Leisure Real Estate Advisors 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 highest rated developers in Nebraska.  This Express has been superior top line performer and has delivered consistent cash flow to its owner.   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 should be manageable and is expected to be a "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.

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Investment Highlights

  • 90 keys
  • 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 2018; 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 opened May, 2024 is nearby
  • Highly rated on IHG (4.8) and on the travel websites
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524 23rd St Columbus, NE 68601

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