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Hotel-Motel

Quality Inn & Suites Lincoln South

1511 Center Park Rd, Lincoln, NE 68512

Listing Price: $3,300,000

Cap Rate
9.90%
Number of Rooms
66
RevPAR
$37
Gross SF
40,928
Price/Room
$50,000
Price/Gross SF
$80.63
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to present the investment opportunity located at 1511 Center Park Rd in Lincoln, Nebraska. This regularly maintained, 66-room hotel property is situated on 1.84 acres and spans over 40,000 square feet. This includes 1,800 square feet of convention space. Located just four miles south of the University of Nebraska, the property benefits from a steady flow of prospective students and families. Recent upgrades to rooms, signage, parking, and amenities ensure the property remains
competitive in the market while providing a modern and welcoming experience. The property also features large living quarters that can be converted back into additional rooms, offering a unique opportunity for increased revenue potential. The hotel is backed by a stable tenant, Choice Hotels, with a long-term lease extending through 2037. With strong cash flow currently in place and opportunities for further upside, this property is an excellent addition to any investor’s portfolio.

Investment Highlights

  • 66-Room Hotel on 1.84 Acres with Over 1,800 Square Feet of Convention Space
  • Prime Location Near the University of Nebraska with 20,000 Undergraduates Enrolled
  • Recent Investments in Room Upgrades, Signage, Parking, and Amenities
  • Long-Term Lease with Choice Hotels Secured Through 2037

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) NE: 20200223

    Nebraska

Hotel-Motel

Quality Inn & Suites Lincoln South

Listing Price: $3,300,000

Cap Rate
9.90%
Number of Rooms
66
RevPAR
$37
Gross SF
40,928
Price/Room
$50,000
Price/Gross SF
$80.63
Year Built
1978

Investment Highlights

  • 66-Room Hotel on 1.84 Acres with Over 1,800 Square Feet of Convention Space
  • Prime Location Near the University of Nebraska with 20,000 Undergraduates Enrolled
  • Recent Investments in Room Upgrades, Signage, Parking, and Amenities
  • Long-Term Lease with Choice Hotels Secured Through 2037

Investment Overview

Marcus & Millichap is pleased to present the investment opportunity located at 1511 Center Park Rd in Lincoln, Nebraska. This regularly maintained, 66-room hotel property is situated on 1.84 acres and spans over 40,000 square feet. This includes 1,800 square feet of convention space. Located just four miles south of the University of Nebraska, the property benefits from a steady flow of prospective students and families. Recent upgrades to rooms, signage, parking, and amenities ensure the property remains competitive in the market while providing a modern and welcoming experience. The property also features large living quarters that can be converted back into additional rooms, offering a unique opportunity for increased revenue potential. The hotel is backed by a stable tenant, Choice Hotels, with a long-term lease extending through 2037. With strong cash flow currently in place and opportunities for further upside, this property is an excellent addition to any investor’s portfolio.

Exclusively Listed By

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9767

    Email Jon

    License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724, NE: 20200223

    Minneapolis

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): NE: 20200223

    Nebraska

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