Comfort Suites University Lincoln | 4231 Industrial Ave
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Comfort Suites University Lincoln 4231 Industrial Ave
59 Room Hotel Lincoln, NE 68504 $5,102,892 CAD ($86,490 CAD/Room)
Investment Highlights
- 59-room Comfort Inn, built in 1994, in Lincoln, NE.
- Strategically located 5 Minutes from Interstate 80.
- 5.1 miles from Lincoln Airport, serving 300,000+ passengers yearly
- Lincoln, NE has a population of over 294,000 residents.
- Close to University of Nebraska-Lincoln, with 26,000+ students.
- Part of a growing market with major future developments.
Executive Summary
Property Overview
The Comfort Inn, located at 4231 Industrial Ave, Lincoln, NE, is a 59-room hotel built in 1994. The property has been well-maintained and features numerous updates, ensuring a competitive and appealing offering in the hospitality market.
Recent Upgrades
- Exterior and Parking: Newly resurfaced parking lot with enhanced lighting for guest safety and convenience.
- Pool and Spa: Renovated swimming pool and hot tub with a new air inhalation unit, heater, pumps, and freshly painted surfaces.
- Guest Rooms: Upgraded guest experience with 10 new in-room AC units, six rooms equipped with LED Smart TVs, and refreshed linens valued at $30,000.
- Accessibility Enhancements: Five handicap-accessible rooms featuring modernized acrylic bathtubs and surrounds.
- Operational Upgrades: Two new commercial dryers, repaired laundry facilities, and updated water heaters ensuring smooth operations.
- Brand Compliance: Updated to meet Comfort brand standards, including new signage and a modern logo displayed behind the front desk.
Strategic Location
- Interstate 80 (I-80): Just 0.8 miles away, offering high visibility to approximately 30,000 daily vehicles.
- University of Nebraska-Lincoln: A five-minute drive to the university, with an enrollment of 26,000+ students providing consistent demand.
- Lincoln Airport (LNK): Located 7 miles away, serving over 300,000 passengers annually.
- Downtown Lincoln: Less than 10 minutes away, offering proximity to government offices, corporate headquarters, and entertainment venues.
- Memorial Stadium: Home to Nebraska Cornhuskers football, drawing 85,000+ fans during game weekends.
- Lancaster Event Center: A multi-use facility located 6.2 miles from the property, hosting over 320 events annually and attracting 500,000 attendees.
Future Developments
- Block 65 Redevelopment: $50 million mixed-use project set to attract an estimated 50,000 visitors annually.
- Telegraph District Expansion: A tech-focused district driving employment growth with coworking and residential spaces.
- South Beltway Project: A $352 million highway project improving city access and reducing congestion.
Events Driving Occupancy
- Nebraska State Fair: Over 350,000 annual attendees boost hotel demand.
- Jazz in June Festival: A popular downtown summer event attracting thousands.
- Lincoln Marathon: Springtime event drawing over 10,000 participants and spectators, creating high lodging demand.
Investment Opportunity
This well-maintained property, with extensive recent upgrades and a strategic location near key demand drivers, offers strong cash-flow potential and long-term growth opportunities. Future city developments and annual events further bolster its position as a prime hospitality investment.
The Comfort Inn, located at 4231 Industrial Ave, Lincoln, NE, is a 59-room hotel built in 1994. The property has been well-maintained and features numerous updates, ensuring a competitive and appealing offering in the hospitality market.
Recent Upgrades
- Exterior and Parking: Newly resurfaced parking lot with enhanced lighting for guest safety and convenience.
- Pool and Spa: Renovated swimming pool and hot tub with a new air inhalation unit, heater, pumps, and freshly painted surfaces.
- Guest Rooms: Upgraded guest experience with 10 new in-room AC units, six rooms equipped with LED Smart TVs, and refreshed linens valued at $30,000.
- Accessibility Enhancements: Five handicap-accessible rooms featuring modernized acrylic bathtubs and surrounds.
- Operational Upgrades: Two new commercial dryers, repaired laundry facilities, and updated water heaters ensuring smooth operations.
- Brand Compliance: Updated to meet Comfort brand standards, including new signage and a modern logo displayed behind the front desk.
Strategic Location
- Interstate 80 (I-80): Just 0.8 miles away, offering high visibility to approximately 30,000 daily vehicles.
- University of Nebraska-Lincoln: A five-minute drive to the university, with an enrollment of 26,000+ students providing consistent demand.
- Lincoln Airport (LNK): Located 7 miles away, serving over 300,000 passengers annually.
- Downtown Lincoln: Less than 10 minutes away, offering proximity to government offices, corporate headquarters, and entertainment venues.
- Memorial Stadium: Home to Nebraska Cornhuskers football, drawing 85,000+ fans during game weekends.
- Lancaster Event Center: A multi-use facility located 6.2 miles from the property, hosting over 320 events annually and attracting 500,000 attendees.
Future Developments
- Block 65 Redevelopment: $50 million mixed-use project set to attract an estimated 50,000 visitors annually.
- Telegraph District Expansion: A tech-focused district driving employment growth with coworking and residential spaces.
- South Beltway Project: A $352 million highway project improving city access and reducing congestion.
Events Driving Occupancy
- Nebraska State Fair: Over 350,000 annual attendees boost hotel demand.
- Jazz in June Festival: A popular downtown summer event attracting thousands.
- Lincoln Marathon: Springtime event drawing over 10,000 participants and spectators, creating high lodging demand.
Investment Opportunity
This well-maintained property, with extensive recent upgrades and a strategic location near key demand drivers, offers strong cash-flow potential and long-term growth opportunities. Future city developments and annual events further bolster its position as a prime hospitality investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $5,102,892 CAD | Building Size | 31,652 SF |
| Price Per Room | $86,490 CAD | No. Rooms | 59 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1994 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 0.53/1,000 SF |
| Lot Size | 1.41 AC | Corridor | Interior |
| Price | $5,102,892 CAD |
| Price Per Room | $86,490 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.41 AC |
| Building Size | 31,652 SF |
| No. Rooms | 59 |
| No. Stories | 3 |
| Year Built | 1994 |
| Tenancy | Single |
| Parking Ratio | 0.53/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 59 | $167.26 CAD | - |
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Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 17-07-105-001-000 | Improvements Assessment | $2,849,680 CAD |
| Land Assessment | $367,837 CAD | Total Assessment | $3,217,517 CAD |
PROPERTY TAXES
Parcel Number
17-07-105-001-000
Land Assessment
$367,837 CAD
Improvements Assessment
$2,849,680 CAD
Total Assessment
$3,217,517 CAD
zoning
| Zoning Code | I1 |
| I1 |
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Dharam Chaudhari -
RECO REAL ESTATE ADVISORS
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Comfort Suites University Lincoln | 4231 Industrial Ave
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