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11818 Miami St
Omaha, NE 68164
Holiday Inn Express & Suites West Omaha · Hospitality Property For Sale · 44,640 SF

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.91 AC
Building Size 44,640 SF
No. Stories 3
Year Built/Renovated 1998/2017
Tenancy Single
Parking Ratio 2.24/1,000 SF
Corridor Interior
Zoning GO

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

About 11818 MIAMI ST , OMAHA, NE 68164

The Holiday Inn Express & Suites is located in West Omaha, NE. Omaha has a metro population of 915,000 people. The Holiday Inn Express & Suites has been gutted down to the walls and completely renovated to the new Holiday Inn Express Formula Blue specifications. The Hotel opened as an Express on December 1, 2017. The property is in great condition and shows extremely well. The Hotel is being offered at well below replacement value. The Holiday Inn Express was converted from a Country Inn & Suites. As a Country Inn, the hotel performed well on the weekends, but did not pull in the corporate client. As a Holiday Inn Express, the hotel should be able to pull from business areas currently not represented by the brand including Miracle Hills and the business park. The Hotel was closed for the renovation for part of the 3rd and 4th quarter of 2017 before reopening on December 1, 2017. Below are projections for the hotel after ramping up and the STR Report figures for Omaha.

Property Taxes

Property Taxes

Parcel Number
4239-0504-18
Land Assessment
$595,600
Improvements Assessment
$4,966,300
Total Assessment
$5,561,900
  • Listing ID: 11825933

  • Date on Market: 3/6/2018

  • Last Updated:

  • Address: 11818 Miami St, Omaha, NE 68164

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