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.