Hotel-Motel
Candlewood Suites Lincoln
4100 Pioneer Woods Dr, Lincoln, NE 68520
Listing Price: Request For Offer
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Candlewood Suites Lincoln (‘Hotel’ or ‘Property’) located in Lincoln, Nebraska. The Marriott Hotels & Resorts-branded Hotel is offered as is and on a call for offers basis. Please reach out to the listing agent for more information. The Candlewood Suites Lincoln is an 85-room, four-story Hotel stationed at 4100 Pioneer Woods Dr, in Lincoln, Nebraska, just off U.S. Highway 34 and U.S. Highway 77. Common area amenities at the Property include an outdoor patio area with grills, fitness center, laundry facility, convenience store, and business center. Lincoln, Nebraska is the state capital of Nebraska and is about 50 miles southwest of Omaha, the largest city in the state. The Hotels proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. The region is known for its education, entertainment, and manufacturing industries. Lincoln is home to the University of Nebraska- Lincoln, in which 25,000 students are enrolled, and Kawasaki Motors Manufacturing, a popular manufacturer of utility vehicles and personal watercrafts. Entertainment demand drivers for the city include the Sheldon Museum of Art (6.2 miles), which holds over 12,00 pieces of art, as well as the Lincoln Children’s Zoo (4.5 miles). Additional room demand generators that provide entertainment for local tourist include the Haymarket District, the historic district offers restaurants, shops, and a Saturday farmers market (7.5 miles), Nebraska State Capitol (5.9 miles), and the Sunken Gardens (4.6 miles). Bryan Health and Lincoln Public Schools, two of the city’s largest employers, are located 3 miles and 5.9 miles from the Hotel, respectively and are prime revenue drivers for the surrounding area. Lincoln also has a growing startup scene fueled by Nebraska Innovation Campus, a research and tech partnership between University of Nebraska- Lincoln and private sector businesses. In 2022, the limited-service Hotel recorded room revenues of nearly $2 million and a net operating income just over $857 thousand, or 44.76 percent as a percentage of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee. As of March, twelve-month average RevPAR in the Lincoln hotel submarket was up 13.9 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.
Investment Highlights
- Four-Story, 85-Room, Marriott Hotels & Resorts, Interior-Corridor Hotel
- Located within the Lincoln MSA about 50 Miles Southwest of Omaha
- Easily Accessible and Highly Visible from the Intersection of U.S. Highway 34 and U.S. Highway 77
- Situated Under 10 Miles from University of Nebraska-Lincoln and Near Lincoln's Largest Employers and Highest Value Businesses
- 2022 Room Revenues Nearly Reached $2 Million while Maintaining a NOI Over $857 Thousand
- Fully Renovated in 2019-2020 - Minimal PIP Expected
- RevPAR Penetration Consistently Outperforms Competitive Set Properties
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
Exclusively Listed By
Broker of Record
Financing By
Listing Price: Request For Offer
Investment Highlights
- Four-Story, 85-Room, Marriott Hotels & Resorts, Interior-Corridor Hotel
- Located within the Lincoln MSA about 50 Miles Southwest of Omaha
- Easily Accessible and Highly Visible from the Intersection of U.S. Highway 34 and U.S. Highway 77
- Situated Under 10 Miles from University of Nebraska-Lincoln and Near Lincoln's Largest Employers and Highest Value Businesses
- 2022 Room Revenues Nearly Reached $2 Million while Maintaining a NOI Over $857 Thousand
- Fully Renovated in 2019-2020 - Minimal PIP Expected
- RevPAR Penetration Consistently Outperforms Competitive Set Properties
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Candlewood Suites Lincoln (‘Hotel’ or ‘Property’) located in Lincoln, Nebraska. The Marriott Hotels & Resorts-branded Hotel is offered as is and on a call for offers basis. Please reach out to the listing agent for more information. The Candlewood Suites Lincoln is an 85-room, four-story Hotel stationed at 4100 Pioneer Woods Dr, in Lincoln, Nebraska, just off U.S. Highway 34 and U.S. Highway 77. Common area amenities at the Property include an outdoor patio area with grills, fitness center, laundry facility, convenience store, and business center. Lincoln, Nebraska is the state capital of Nebraska and is about 50 miles southwest of Omaha, the largest city in the state. The Hotels proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. The region is known for its education, entertainment, and manufacturing industries. Lincoln is home to the University of Nebraska- Lincoln, in which 25,000 students are enrolled, and Kawasaki Motors Manufacturing, a popular manufacturer of utility vehicles and personal watercrafts. Entertainment demand drivers for the city include the Sheldon Museum of Art (6.2 miles), which holds over 12,00 pieces of art, as well as the Lincoln Children’s Zoo (4.5 miles). Additional room demand generators that provide entertainment for local tourist include the Haymarket District, the historic district offers restaurants, shops, and a Saturday farmers market (7.5 miles), Nebraska State Capitol (5.9 miles), and the Sunken Gardens (4.6 miles). Bryan Health and Lincoln Public Schools, two of the city’s largest employers, are located 3 miles and 5.9 miles from the Hotel, respectively and are prime revenue drivers for the surrounding area. Lincoln also has a growing startup scene fueled by Nebraska Innovation Campus, a research and tech partnership between University of Nebraska- Lincoln and private sector businesses. In 2022, the limited-service Hotel recorded room revenues of nearly $2 million and a net operating income just over $857 thousand, or 44.76 percent as a percentage of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee. As of March, twelve-month average RevPAR in the Lincoln hotel submarket was up 13.9 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.
Exclusively Listed By
Broker of Record
Financing By

