331 N Cotner Blvd - Hospitality FOR SALE


Lincoln, NE 68505- Meadowlane
$7,100,000 USD
207-352-0279
331 N Cotner Blvd, Lincoln, NE for Sale
$7,100,000 USD
Hospitality - FOR SALE
1/17
null | 11.08% Cap Rate

331 N Cotner Blvd
Lincoln, NE 68505
Meadowlane


HIGHLIGHTS

  • Opportunity to acquire Springhill Suites by Marriott with 25 year franchise agreement well below replacement cost

OVERVIEW

We are pleased to present two newly listed SpringHill Suites by Marriott conversion opportunities in Omaha and Lincoln, Nebraska. Currently operating as Comfort Suites, both assets have secured Marriott approval for rebranding under 25-year SpringHill Suites franchise agreements. These offerings allow investors to acquire fully renovated, institutionally branded hotels at an all-in cost well below new construction and replacement value. Upon completion of the Marriott PIP, each property is positioned to achieve a significant uplift in ADR and RevPAR driven by the SpringHill Suites brand recognition, refreshed product, and upgraded guest experience. Situated in Nebraska’s two largest metropolitan markets, the hotels benefit from a diverse mix of corporate, medical, university, government, convention, and transient demand—making them ideally placed to serve the undersupplied upscale segment in these expanding markets. Springhill Suites Lincoln – 331 N Cotner Blvd, Lincoln NE Price $7.1M Built 2009, renovated 2020, 3 story interior corridor, 81 keys, 2.14 acres. Estimated Marriott conversion cost of $2-2.2M *Renderings are conceptual and provided for illustrative purposes only; actual property conditions and post-conversion appearance may vary   Springhill Suites Omaha – 2500 s 192nd Ave, Omaha NE Price $7.1M Built 2015, light renovations 2024-2025, 3 story interior corridor, 63 keys, 1.63 acres. Estimated Marriott conversion cost of $1.3-1.5M Estimated 18 Key addition construction cost of $1.8M *Renderings are conceptual and provided for illustrative purposes only; actual property conditions and post-conversion appearance may vary **Please DO NOT visit or contact the properties and/or employees without prior approval**

FOR SALE DETAILS

PRICE

$7,100,000 USD

PRICE/SF

$150 USD /SF

# OF ROOMS

81

PRICE/ROOM

$87,654 {currency}

CAP RATE

11.08%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Springhill Suites Lincoln Conversion

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,311 SF

ZONING

H2

APN/PARCEL ID

17-21-324-002-000

ASK ABOUT THIS PROPERTY

Josh PrettymaneXp RealtyMore Info
207-352-0279

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Josh PrettymaneXp RealtyMore Info
207-352-0279

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