The property is a 140-key, two-story, full-service, midscale hotel located at 265 33rd Avenue in Columbus, Nebraska, situated on a 7.18-acre site with strong visibility and access. Originally constructed in 1973, the property has undergone extensive renovations and continuous capital investment, including a comprehensive renovation in 2015 and additional improvements completed during 2023–2024, positioning the asset competitively within the Columbus market. The hotel has historically operated under a variety of structures, including as an independent hotel, a Ramada, and a Quality Inn. At closing, the property will be delivered free and clear of both franchise affiliation and management agreements, providing a new owner with maximum flexibility to operate independently, re-flag under a preferred brand, or implement a third-party management platform. The asset’s size, layout, and market positioning support multiple midscale and upper-midscale franchise flag options, subject to brand approval. The hotel comprises 140 guest rooms, including 69 rooms of approximately 299 square feet, 69 rooms of approximately 338 square feet, and two bi-level units of approximately 900 square feet, offering a functional and flexible unit mix suitable for transient, corporate, group, and extended-stay demand. The building is fully sprinklered throughout guest rooms and common areas, and remaining asbestos is limited to encapsulated popcorn ceilings within guest rooms, as disclosed. Complementing the guest rooms is approximately 20,000 square feet of restaurant, bar, meeting, and conference space accommodating up to 1,500 attendees, which has historically supported food and beverage operations, group business, and event demand. The bar is currently leased on a month-to-month basis, and the restaurant space has attracted interest from potential lessees, providing near-term opportunities for re-tenanting or operational restructuring. These spaces may also be repositioned to enhance overall hotel performance or adapted to alternative uses to better align with market demand. The property offers a strong amenity package, including an indoor water park, fitness center, and multiple meeting and event spaces, which differentiate the hotel within the local competitive set and support destination, group, and family travel. The site includes approximately 284 surface parking stalls, exceeding typical hotel parking requirements. Strategically located adjacent to Pawnee Park and nearby recreational amenities—including golf and disc golf courses, sports complexes, trails, and a water park—the hotel also benefits from proximity to major employment centers and Caesars’ Harrah’s Columbus Racing & Casino, providing diverse demand drivers. Columbus serves as a regional employment hub with limited new hospitality supply, supporting long-term fundamentals. Offered at a price well below replacement cost, the property presents a compelling opportunity for an experienced owner or operator to acquire a recently renovated, full-service hotel with meaningful upside through improved revenue management, operational efficiencies, food and beverage optimization, and potential re-flagging. Additionally, the property’s zoning and physical characteristics may support alternative future uses, which prospective buyers may evaluate independently.