1201 Avenue H - Hospitality FOR SALE


Carter Lake, IA 51510- Crater Lake
$5,690,000 USD
307-686-9500
1201 Avenue H, Carter Lake, IA for Sale
$5,690,000 USD
Hospitality - FOR SALE
1/28
null | Request Cap Rate

1201 Avenue H
Carter Lake, IA 51510
Crater Lake


HIGHLIGHTS

  • Great Location
  • Updated Property

OVERVIEW

201 Avenue H, Carter Lake, IA The La Quinta Inn & Suites by Wyndham Omaha Airport Downtown represents a strong value-add hospitality investment positioned within one of the Midwest’s most active airport submarkets. Reopened in October 2023, the hotel benefits from a refreshed operating platform, modern amenities, and direct proximity to major demand generators. Prime Location Adjacent to Key Drivers • Immediate Airport Access: Located less than one mile from Eppley Airfield (OMA), Omaha’s primary commercial airport, offering seamless access for transient, corporate, and airline-related demand. A 24/7 complimentary shuttle enhances guest capture and convenience. • Surrounded by High-Growth Development: Steps from the transformational expansion of Prairie Flower Casino, growing from 7,000 SF to an estimated 70,000 SF of gaming, dining, and entertainment space. This expansion is expected to significantly lift regional visitation and overnight lodging needs. • Central to Omaha’s Urban Core: Minutes from Downtown Omaha, CHI Health Center Arena, Old Market District, and major corporate campuses.   The refreshed amenities package caters to a wide mix of corporate, leisure, airline, and casino guests. Market Growth & Demand Outlook • Airport Modernization: The ongoing multi-phase modernization of Eppley Airfield is expected to increase passenger throughput, strengthen airline schedules, and drive additional overnight stays.• Casino Expansion Influence: With Prairie Flower Casino’s expansion recently completed, the hotel is positioned to capture increased gaming, entertainment, and workforce-related lodging demand.• True Airport/Casino Dual-Demand Position: Few hotels in the submarket offer this unique combination of direct airport proximity and adjacency to major tribal gaming expansion. • Strong Location Fundamentals that support year-round demand from air travelers, leisure visitors, corporate business, and casino patrons. • Stabilization Opportunity following the 2023 reopening, allowing a new owner to fully realize upside through revenue management, corporate account development, and casino-driven traffic. • Long-Term Growth Prospects tied to airport expansion, casino expansion, and broader Omaha metro economic drivers. Other big projects are being considered in the area including a new professional Soccer statdium. • Attractive Midscale Brand Positioning under Wyndham Hotels & Resorts ensures consistent distribution, loyalty capture, and operational support.

FOR SALE DETAILS

PRICE

$5,690,000 USD

PRICE/SF

$107 USD /SF

# OF ROOMS

102

PRICE/ROOM

$55,784 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites by Wyndham Omaha

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

66

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

HI

APN/PARCEL ID

7544-21-302-011

ASK ABOUT THIS PROPERTY

Pat GreenHCBRE, LLCMore Info
307-686-9500

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Pat GreenHCBRE, LLCMore Info
307-686-9500

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