2102 S Jeffers St
North Platte, NE 69101
Ramada by Wyndham North Platte & Sandhills · Hospitality Property For Sale · 111,422 SF

$500K PRICE REDUCTION!.......If CASH FLOW interests you, please continue. This very profitable hotel with its location, provides a business model that is very difficult to duplicate. Its nearest true competitor is over 100 miles to the east and 220 miles to the west. It is the primary meeting, banquet and conference facility for a large market area. Furthermore, the listing price is less than 2.6X Rm Rev. The Quality Inn & Suites provides a business model that would be very difficult to duplicate and its popularity is proven by its economic success. With approximately $950K in net cash flow (before debt service) the cap rate is well over 13%. Furthermore, at the asking price, the cash on cash return approaches 30% given market loan terms. The restaurant and lounge is leased and produces the owner an average of $200K per year in lease income. North Platte is thriving town of 25,000 and is the medical and economic hub to western Nebraska. It is also home to the largest railroad (Union Pacific)classification yard in the United States. The regional Great Plains Medical Center, Mid-Plains Community College and several technical schools are also located in North Platte. Located just off Interstate 80, Exit 177, it is one of the natural stop over points in western Nebraska, with over a 100 mile span to Kearney going east and 220 miles to Cheyenne to the west. If a group or meeting planner needs to have a meeting in western NE, this facility is one of the few choices. The geographic market area for the hotel is quite large, which is testimony to its pull factor. I-80 has historically been a very good hospitality corridor, and continues to be.