Hotel-Motel
Imperial Inn
748 12th St, Imperial, NE 69033
Listing Price: $1,250,000
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Imperial Inn (‘Hotel’ or ‘Property’) located in Imperial, Nebraska. The Independent Hotel is offered at $1,250,000 or $35,715 per key.
The Imperial Inn is a 35-room, two-story Hotel located at 748 East 12th Street, Imperial, Nebraska just off NE-61. The Property offers essential amenities including a breakfast area, guest laundry, heated dog kennels with a small game cleaning station, and extensive security camera coverage. The hotel provides ample parking for trucks and RVs, along with electrical hookups suitable for RVs and semi-trucks. Climate control in the lobby and banquet area is managed by four individual furnaces. The 2000 SF banquet room can accommodate up to 180 guests. It features a service counter, fully equipped kitchen, and separate bar counter.
Recent capital improvements include a new roof, windows, siding in 2022, and new hot water heaters, and PTAC units in 2023. These investments underscore the commitment to maintaining and enhancing property value.
Imperial, NE is situated within the North Platte Micropolitan Statistical Area. The micropolitan area encompasses several rural communities and has a population of around 38,000 characterized by its strong agricultural base and rural economy. The local economy of Imperial is primarily driven by agriculture, focusing on corn, wheat, and soybean farming, along with significant livestock farming, particularly cattle. Imperial is an active farm and ranch community with some of the finest bird and deer hunting in the United States. Imperial is approximately 120 miles from North Platte, NE, 220 miles from Denver, CO, 300 miles from Lincoln, NE, and 350 miles from Omaha, NE, providing excellent connectivity via major highways such as US-83 and I-80.
Within proximity to the property, Imperial benefits from a range of demand generators appealing to diverse visitor interests. The area features well-maintained parks and picnic areas, offering opportunities for outdoor recreation and relaxation. Moreover, downtown Imperial serves as a vibrant business hub, anchored by significant establishments such as the Chase County Community Hospital and Clinics, conveniently located just 1.1 miles away. This 15-bed Critical Access Hospital provides comprehensive medical services including outpatient, inpatient, and skilled care, complemented by the adjoining Imperial Clinic. Additionally, nearby attractions such as the Imperial County Club Golf Course (1.5 miles), Imperial Skate Park (1.5 miles), Enders Reservoir (9.6 miles), and Enders Lake Golf Course (10.2 miles), contribute to the area's appeal for leisure travelers. The annual Chase County Fair and Expo (.08 mile) further enhance the region's allure, drawing attendees and participants from across the county and beyond. These diverse amenities and facilities collectively serve as compelling demand generators, enriching the appeal of the hotel's location in Imperial.
The hotel experienced an annual room revenue increase of over 8 percent from 2022 to 2023. This growth could likely lead to greater profitability, providing capital to potentially improve services and amenities, enhance guest experience, and provide greater financial returns.
Investment Highlights
- Independent Hotel within Micropolitan Area
- Distinct Amenities and Features
- Recent Capital Improvements
- Hub for Agriculture with Easy Access to Major Cities
- Financial Performance
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,250,000
Investment Highlights
- Independent Hotel within Micropolitan Area
- Distinct Amenities and Features
- Recent Capital Improvements
- Hub for Agriculture with Easy Access to Major Cities
- Financial Performance
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Imperial Inn (‘Hotel’ or ‘Property’) located in Imperial, Nebraska. The Independent Hotel is offered at $1,250,000 or $35,715 per key. The Imperial Inn is a 35-room, two-story Hotel located at 748 East 12th Street, Imperial, Nebraska just off NE-61. The Property offers essential amenities including a breakfast area, guest laundry, heated dog kennels with a small game cleaning station, and extensive security camera coverage. The hotel provides ample parking for trucks and RVs, along with electrical hookups suitable for RVs and semi-trucks. Climate control in the lobby and banquet area is managed by four individual furnaces. The 2000 SF banquet room can accommodate up to 180 guests. It features a service counter, fully equipped kitchen, and separate bar counter. Recent capital improvements include a new roof, windows, siding in 2022, and new hot water heaters, and PTAC units in 2023. These investments underscore the commitment to maintaining and enhancing property value. Imperial, NE is situated within the North Platte Micropolitan Statistical Area. The micropolitan area encompasses several rural communities and has a population of around 38,000 characterized by its strong agricultural base and rural economy. The local economy of Imperial is primarily driven by agriculture, focusing on corn, wheat, and soybean farming, along with significant livestock farming, particularly cattle. Imperial is an active farm and ranch community with some of the finest bird and deer hunting in the United States. Imperial is approximately 120 miles from North Platte, NE, 220 miles from Denver, CO, 300 miles from Lincoln, NE, and 350 miles from Omaha, NE, providing excellent connectivity via major highways such as US-83 and I-80. Within proximity to the property, Imperial benefits from a range of demand generators appealing to diverse visitor interests. The area features well-maintained parks and picnic areas, offering opportunities for outdoor recreation and relaxation. Moreover, downtown Imperial serves as a vibrant business hub, anchored by significant establishments such as the Chase County Community Hospital and Clinics, conveniently located just 1.1 miles away. This 15-bed Critical Access Hospital provides comprehensive medical services including outpatient, inpatient, and skilled care, complemented by the adjoining Imperial Clinic. Additionally, nearby attractions such as the Imperial County Club Golf Course (1.5 miles), Imperial Skate Park (1.5 miles), Enders Reservoir (9.6 miles), and Enders Lake Golf Course (10.2 miles), contribute to the area's appeal for leisure travelers. The annual Chase County Fair and Expo (.08 mile) further enhance the region's allure, drawing attendees and participants from across the county and beyond. These diverse amenities and facilities collectively serve as compelling demand generators, enriching the appeal of the hotel's location in Imperial. The hotel experienced an annual room revenue increase of over 8 percent from 2022 to 2023. This growth could likely lead to greater profitability, providing capital to potentially improve services and amenities, enhance guest experience, and provide greater financial returns.