Listing Summary
The New Victorian Suites is an 83-room, 3-story interior corridor hotel located in Lincoln, Nebraska, just off U.S. Highway
Full Description
The New Victorian Suites: Turnkey 83-Room Hotel in Lincoln, NE
Acquire The New Victorian Suites, an 83-room, 3-story interior corridor hotel in a prime Lincoln, Nebraska location, positioned just off U.S. Highway 34. The hotel is minutes away from the University of Nebraska-Lincoln (UNL), Downtown Lincoln, and Lincoln Airport.
Key Investment Highlights:
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Significant Upside: The property is currently underperforming due to absentee ownership, presenting a strong upside potential for an experienced, on-site operator to actively manage and maximize its true value.
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Near Turnkey Condition: The hotel has recently undergone extensive renovations, including:
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Full exterior and interior paint (including all rooms and décor).
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Major updates to the lobby (stone work), breakfast area (new countertops/storage), pool area (new paint/heater), meeting space, and exercise room.
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New RFID touch-free locks, new sprinkler system, new hotel signage, and 30-40 new PTC units.
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Recent prior updates include new mattresses, washer, and dryer.
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Strong Demand Drivers: Benefits from robust local demand generators, including UNL, Memorial Stadium (Cornhuskers football), the State Capitol, Pinnacle Bank Arena, and the surrounding downtown business/cultural districts.
This asset is an ideal opportunity for an operator seeking a recently updated hotel with immediate revenue maximization potential in Nebraska’s capital city.
Quick Glance
- Listing ID:
CL-Nebraska-27180
- Status:
Active
- Year Build:
1997
- Building Size:
25,750 SqFt
- Lot Size:
1.57 Acre