New Victorian Suites - Lincoln, NE
About This Property
- 83 Units
- 3 Story, Interior Corridor Independent Hotel
- Three-Year Average Revenue: $1,220,000
- Priced at $54,216 Per Key
- Minutes to Lincoln Airport, University of Nebraska-Lincoln and Downtown in the State's Capitol
- Fully Absentee Owner
- Recently Renovated with Strong Upside Potential for On-Site Owner
- Offers Encouraged
The New Victorian Suites is an 83-room, 3-story interior corridor hotel located in Lincoln, Nebraska, just off U.S. Highway 34, minutes from the University of Nebraska-Lincoln, Downtown Lincoln, and Lincoln Airport.
The hotel is well-maintained and has undergone significant renovations recently, including exterior and interior paint including all rooms and decors, meeting space, pool, exercise room, and elevator, four new hotel signs, 30 to 40 new PTC units in required rooms, major updates in lobby with stone work and paint, new countertops and storage for the breakfast area, fresh paint and heater for the pool, new RFID touch free locks and number plates, and a new sprinkler system installed. Just before the current owner took over in July 2023, the prior owner added new mattresses in all rooms, a new washer and dryer.
The hotel is underperforming since the Owner is never on-site. There is a strong upside potential for an experienced hotel operator who can run the hotel on-site to maximize its true value.
Lincoln, the state capital, has a population of 294,757 as of 2023 and boasts several nearby attractions including the University of Nebraska-Lincoln and Memorial Stadium (Cornhuskers football games), the State Capitol, Museum of American Speed, Sheldon Museum of Art, Pinnacle Bank Arena, Haymarket Park, Pioneers Park Nature Center, University of Nebraska State Museum, Sunken Gardens, among many others.
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.