Fairfield Inn & Suites | Lincoln, NE

4221 Industrial Avenue,
Lincoln, NE 68504

 

60
Total Rooms
 
 
($116,834)
NOI
 
 
8,728
Building SF
 
 
60
Total Rooms
 
 
($116,834)
NOI
 
 
8,728
Building SF
 
 

Property Overview

  • The Fairfield Inn and Suites is a 60-room, 42,615 square foot hotel located at 4221 Industrial Ave in Lincoln, NE, off Interstate 80.
  • The hotel is a Marriott property and offers amenities such as a restaurant, indoor pool, fitness room, and hot breakfast.
  • Its proximity to the college in Lincoln presents an opportunity to attract guests attending games and events hosted by the college.
  • A new owner-operator can see potential upside through a reduction in hotel operational expenses.
  • The hotel is offered fee simple and unencumbered by management contracts or existing debt.

Location Summary

  • Lincoln is the capital city of Nebraska and is home to the University of Nebraska-Lincoln, which brings a significant amount of business and tourism to the city.
  • The city has a diversified economy with a strong presence in finance, insurance, healthcare, and technology, which attracts many companies and professionals.
  • Events Hosted: Nebraska State Fair is held annually in late August to early September and features live entertainment, carnival rides, agricultural displays, and food vendors. - Annual Lincoln Marathon and Half-Marathon takes place in May and attracts thousands of runners and spectators from around the country.
  • Business events, such as conferences and trade shows, are also held in Lincoln, with venues such as the Lancaster Event Center and the Pinnacle Bank Arena.

Lincoln Submarket

  • The submarket's trailing 12-month occupancies are at 57.8%, exceeding the market average of 55.9% despite the initial impact of the COVID-19 pandemic.
  • Twelve-month RevPAR in the Lincoln submarket was up sharply as of February, climbing at a 16.3% year-over-year rate, which is stronger than the market-wide increase of 13.1%.
  • This presents a great opportunity to acquire a well-positioned hotel in the Lincoln submarket, with potential for growth and expansion in a market that is showing signs of recovery after the pandemic's impact.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate