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Hotel-Motel

Holiday Inn Express Omaha Airport

2010 Abbott Dr, Carter Lake, IA 51510

Listing Price: $9,850,000

Cap Rate
9.40%
Number of Rooms
85
RevPAR
$82
Gross SF
51,332
Price/Room
$115,882
Price/Gross SF
$191.89
Year Built
2016

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express Omaha Airport, a four-story limited service hotel conveniently located at the border of Iowa and Nebraska in Carter Lake, Iowa. The hotel's 85 guest rooms include a flat-screen TV, work desk, Serta® Perfect Sleeper mattress and coffee maker. Hotel amenities include a heated indoor pool & spa, meeting space, business center, fitness center, complimentary breakfast and guest laundry facilities. The property is ideally located a mile to Downtown Omaha and minutes to Council Bluffs, which is known for its casinos and ties to the transcontinental railroad. Several attractions just a mile from the property, including Prairie Flower Casino, Lewis and Clark Landing and Kenefick Park. Also located a mile from the property is TD Ameritrade Park, which is home to the NCAA Division I Men's College World Series and the Creighton Bluejays baseball program. Major employers in the surrounding area include Union Pacific, First National of Nebraska, Nebraska Medical Center and UN Medical Center. The Holiday Inn Express Omaha Airport represents the opportunity to acquire a Radisson-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Omaha region.

Investment Highlights

  • Outperforms Compset in Occupancy, ADR and RevPAR
  • 1 Mile to Men's College World Series Stadium - TD Ameritrade Park
  • 2 Miles to Omaha Airport (OMA) - Eppley Airfield
  • 2 Miles to Creighton University
  • 2 Miles to Downtown Omaha

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) IA: B63379000

    Iowa

Financing By

Hotel-Motel

Holiday Inn Express Omaha Airport

Listing Price: $9,850,000

Cap Rate
9.40%
Number of Rooms
85
RevPAR
$82
Gross SF
51,332
Price/Room
$115,882
Price/Gross SF
$191.89
Year Built
2016

Investment Highlights

  • Outperforms Compset in Occupancy, ADR and RevPAR
  • 1 Mile to Men's College World Series Stadium - TD Ameritrade Park
  • 2 Miles to Omaha Airport (OMA) - Eppley Airfield
  • 2 Miles to Creighton University
  • 2 Miles to Downtown Omaha

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express Omaha Airport, a four-story limited service hotel conveniently located at the border of Iowa and Nebraska in Carter Lake, Iowa. The hotel's 85 guest rooms include a flat-screen TV, work desk, Serta® Perfect Sleeper mattress and coffee maker. Hotel amenities include a heated indoor pool & spa, meeting space, business center, fitness center, complimentary breakfast and guest laundry facilities. The property is ideally located a mile to Downtown Omaha and minutes to Council Bluffs, which is known for its casinos and ties to the transcontinental railroad. Several attractions just a mile from the property, including Prairie Flower Casino, Lewis and Clark Landing and Kenefick Park. Also located a mile from the property is TD Ameritrade Park, which is home to the NCAA Division I Men's College World Series and the Creighton Bluejays baseball program. Major employers in the surrounding area include Union Pacific, First National of Nebraska, Nebraska Medical Center and UN Medical Center. The Holiday Inn Express Omaha Airport represents the opportunity to acquire a Radisson-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Omaha region.

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): IA: B63379000

    Iowa

Financing By

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