Listing Summary
NOW OFFERERED AT $9,900,000. REVISED PRICING SHOWS OWNER’S MOTIVATION. ALMOST $3 MILLION IN REVENUE AND NEARLY $1.1 MILLION IN NET OPERATING INCOME. $141 ADR WITH A $93 REVPAR (May 2025 STR). MANAGEABLE PIP
Full Description
Strategic Acquisition: Prime 90-Key Hotel in Nebraska’s Newest Gaming Hub
Position your portfolio at the heart of Columbus, NE. This Holiday Inn Express & Suites is perfectly situated on Highway 30, benefiting from both a rock-solid industrial base and a surging tourism sector. With the May 2024 grand opening of the $75M Harrah’s Racetrack & Casino (managed by Caesars Entertainment), Columbus has transformed into a major regional destination. The casino features 500 slots, a sportsbook, and a one-mile thoroughbred track, creating a massive new demand generator for local lodging.
Market Stability & Corporate Demand:
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Industrial Leaders: Major international presence from Becton Dickinson (MedTech), Behlen Manufacturing, and ADM.
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Corporate HQ: Home to the headquarters of Nebraska Public Power.
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Financial Strength: Proven $1M+ NOI and a guest experience bolstered by recent Formula Blue renovations.
Quick Glance
- Listing ID:
CL-Nebraska-27297
- Status:
Active
- Year Build:
1999
- Building Size:
N/A
- Lot Size:
N/A