Comfort Suites Omaha, NE

Property Description: Offered 3.0 Times Revenue! Renovated in 2016-2017. There is low to no buyer PIP expected by the seller. The hotel is 3 stories with interior corridors and elevators; built in 1996. Room revenue was $987,000 in 2017. Revenue On Track in 2018 with 2017 Performance. The hotel out performed its market comp set in Occupancy, ADR, and RevPAR in 2017. Offered at 11.5% Cap rate and 23.8% total cash on cash return. The hotel is absentee managed. There is upside to continue to grow revenue following renovation and reduce expenses to drive profits. Located off I-680 in Omaha, 40th largest US City, and close to diverse demand generators.