2205 Osborne Dr E
Hastings, NE 68901
Motel 6 Hastings, NE · Hospitality Property For Sale
·
90,781 SF
Property Facts
| Property Type | Hospitality | Building Size | 90,781 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1976/2016 |
| Lot Size | 5.92 AC | Parking Ratio | 2.54/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Zoning | COMMERCIAL | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.92 AC |
| Construction Status | Converted |
| Building Size | 90,781 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1976/2016 |
| Parking Ratio | 2.54/1,000 SF |
| Corridor | Interior |
| Zoning | COMMERCIAL |
Amenities
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 2205 OSBORNE DR E , HASTINGS, NE 68901
The C3 Hotel one of the rare excellent independent hotels that can give a potential new owner immediate positive cash flows without the need for immediate capital improvements. Thoroughly renovated in 2017, the hotel is being offered at less than 25% of replacement cost. Priced at $23,267 per room that equates to a room revenue multiplier of less than 2.25 pre-pandemic revenues. Additional income streams are available through lease of the bar, restaurant and/or convention center. There are also potential franchise opportunities with numerous brands available in the market including Ramada, Clarion, Days Inn, Red Roof Plus and Best Western all available. The hotel has been essentially absentee operated since re-opening in mid 2016. Motivated ownership group will entertain all reasonable cash offers. No ownership financing is being offered on this sale.
Property Taxes
| Parcel Number | 284-17310.13 | Improvements Assessment | $162,771 |
| Land Assessment | $0 | Total Assessment | $162,771 |
Property Taxes
