3939 N 26th St - Hospitality FOR SALE


Lincoln, NE 68521- Landon's
$2,400,000 USD
818-851-3304
3939 N 26th St, Lincoln, NE for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

3939 N 26th St
Lincoln, NE 68521
Landon's


HIGHLIGHTS

  • 68 Unit, 3 Story, Interior Corridor Hotel
  • Large Manager's Quarters, Perfect for Owner Operator
  • Underperforming at 56.2 RevPAR Index Due to Poor Current Management
  • Close by to Lincoln Airport, Nebraska University, and Downtown Lincoln the State's Capitol
  • Recently Renovated with Strong Upside Potential
  • Offers Encouraged - Motivated Seller

OVERVIEW

The Baymont Inn & Suites is a 68-room, 3-story interior corridor hotel located in Lincoln, Nebraska, just a few miles from Interstate 180 and Interstate 80, just minutes from the University of Nebraska, Downtown Lincoln, and Lincoln Airport. The hotel is well-maintained and has undergone significant renovations recently, including new hallway carpeting, metal bed frames, interior and exterior paint, and updated signage. The property features a spacious manager's quarters, perfect for an owner operator. Lincoln, the state capital, has a population of 294,757 as of 2023 and boasts several nearby attractions including the University of Nebraska and Memorial Stadium (Cornhuskers football games), Nebraska State Capitol, Museum of American Speed, Sheldon Museum of Art, Pinnacle Bank Arena, Haymarket Park, Pioneers Park Nature Center, University of Nebraska State Museum, Sunken Gardens, among many others. The hotel has underperformed the comp set since the Owner purchased the hotel in 2023, as evidenced by the 26.36 RevPAR as of December 2024. There is strong upside potential for an experience hotel operator who can manage rates, increase sales efforts, and run the hotel on-site.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$68 USD /SF

# OF ROOMS

68

PRICE/ROOM

$35,294 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham Lincoln, NE

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1999

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

I1

APN/PARCEL ID

11-12-218-001-000

ASK ABOUT THIS PROPERTY

Steve PostAmber Hotel CompanyMore Info
818-851-3304

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Steve PostAmber Hotel CompanyMore Info
818-851-3304

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.