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- LoopNet Team
8736 W Dodge Rd
Omaha, NE 68114
Holiday Inn Express · Hospitality Property For Sale
·
100 Rooms
Investment Highlights
- Motivated seller
- Located on Dodge St, Omaha’s most traveled road
- The property is across the street from the Nebraska Children’s Hospital
- Holiday Inn Express will extend remaining 12 years of license to new owner
- Lobby, lounge, pool, fitness center and hallways all meet Formula Blue standards
- 6-story property with impressive stone pillars and large porte coche
Property Facts
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built/Renovated | 1996/2022 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.35 AC | Parking Ratio | 2.84/1,000 SF |
| Building Size | 52,186 SF | Corridor | Interior |
| No. Rooms | 100 | ||
| Zoning | CC - Community Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.35 AC |
| Building Size | 52,186 SF |
| No. Rooms | 100 |
| No. Stories | 6 |
| Year Built/Renovated | 1996/2022 |
| Tenancy | Single |
| Parking Ratio | 2.84/1,000 SF |
| Corridor | Interior |
| Zoning | CC - Community Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 8736 W DODGE RD , OMAHA, NE 68114
The Holiday Inn Express & Suites Dodge Omaha features all the attributes of a great investment. The property is ideally located in the heart of Omaha presenting abundant potential. Omaha is a great business, tourism and sports city. Omaha boasts low tax rates, great schools and an excellent job market. Berkshire Hathaway, The College World Series, Creighton University, The University of Nebraska Omaha, Henry Doorly Zoo, and youth sporting events keep the property well filled on weekend as well as insulate the market from any large downturns. A number of improvements have been made to the property over the last couple of years with the Holiday Inn Express new formula blue decor. The owners have renovated the pool, lounge/lobby, 8 guest rooms, all hallways, breakfast area and the Rationale breakfast oven. A new PIP (Property Improvement Plan) is also being order by the owners. We believe this property is a long-term keeper in a consistently strong market at below replacement cost. A new PIP would undoubtedly reposition the hotel to more effectively compete with the comp set. There are very few good hotel opportunities in this price range so it is imperative to jump on this opportunity.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 20 | $157.00 | - |
| Guest Room | 80 | $127.00 | - |
Property Taxes
| Parcel Number | 1214-0252-20 | Improvements Assessment | $6,375,200 |
| Land Assessment | $577,200 | Total Assessment | $6,952,400 |
Property Taxes
