Quality Inn & Conference Center/Suburban Extended Stay by Choice Hotels

7838 U.S. 281, Grand Island, NE
Download Spec Sheet
  • Building Size: 108,917 sq. ft.
  • Lot Size: 6.10 acres
  • Year Built: 1967
  • Sale Price: $4,950,000

Property Features

  • Lot size: 6.10 acres
  • Building size: 108,917 sq. ft.
  • Quality Inn Rooms: 100
  • Suburban Extended Stay Hotel Rooms: 49
  • Zoning: Commercial
  • 150 paved, on-site parking spots
  • Brand new elevator
  • Year Built:1967
  • 2021 ADR:
    • Quality Inn – $94.64
    • Suburban Inn – $41.56
  • 2021 Revenue:
    • Quality Inn – $1,846,139
    • Suburban Inn – $606,184
  • Cap rate: 15% TTM
  • 2021 Occupancy Rate:
    • Quality Inn – 53.25%
    • Suburban Inn – 83.45%

Pricing

  • Price: $4,950,000 ($33,221.48/ key)
  • 2021 Real Estate Taxes: $134,719
  • Financials available upon request – Complete Confidentiality Agreement for release of financials

Location

  • Conveniently located off I-80 on U.S. 281
  • Population: 51,000
  • Area neighbors include: Phillips 66 Gas Station, Nebraska Peterbilt, Boss Truck Stop, Mormon Island State Recreation Area

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