Fairfield Inn & Suites | Lincoln, NE
4221 Industrial Avenue,
Lincoln, NE 68504
 
60
Total Rooms
($116,834)
NOI
8,728
Building SF
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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
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