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Springhill Suites Lincoln Conversion 331 N Cotner Blvd 81 Room Hotel Lincoln, NE 68505 $7,100,000 ($87,654/Room) 11.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Opportunity to acquire Springhill Suites by Marriott with 25 year franchise agreement well below replacement cost
EXECUTIVE SUMMARY
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**
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**
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $7,100,000 | Lot Size | 2.14 AC |
| Price Per Room | $87,654 | Building Size | 47,404 SF |
| Sale Type | Investment | No. Rooms | 81 |
| Cap Rate | 11.08% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2009/2020 |
| Property Subtype | Hotel | Parking Ratio | 2.11/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | H2 | ||
| Price | $7,100,000 |
| Price Per Room | $87,654 |
| Sale Type | Investment |
| Cap Rate | 11.08% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.14 AC |
| Building Size | 47,404 SF |
| No. Rooms | 81 |
| No. Stories | 3 |
| Year Built/Renovated | 2009/2020 |
| Parking Ratio | 2.11/1,000 SF |
| Corridor | Interior |
| Zoning | H2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 81 | $103.00 | - |
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | 17-21-324-002-000 | Improvements Assessment | $2,217,600 (2025) |
| Land Assessment | $1,306,400 (2025) | Total Assessment | $3,524,000 (2025) |
PROPERTY TAXES
Parcel Number
17-21-324-002-000
Land Assessment
$1,306,400 (2025)
Improvements Assessment
$2,217,600 (2025)
Total Assessment
$3,524,000 (2025)
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Springhill Suites Lincoln Conversion | 331 N Cotner Blvd
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