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- LoopNet Team
420 Broadway St
Holdrege, NE 68949
Rodeway Inn Holdrege · Hospitality Property For Sale · 23,248 SF
Investment Highlights
- 40-Room, Interior Corridor, Economy Hotel Built in 1998
- Twice Noted as a Choice Franchise Gold Award (2020 & 2021)
- Outperforming the STR Market RevPAR by 15.6 Percent
- Priced Below Replace Cost at $47,500 Per Key
- Minimum Change of Ownership PIP Anticipated
- Priced at an Attractive 11.13 Percent Cap Rate Based on 2019 Performance Offered Fee Simple, Unencumbered by a Management Contract or Debt
PROPERTY FACTS
| Property Type | Hospitality | Number of Floors | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2019 |
| Building Class | C | Parking Ratio | 1.98/1,000 SF |
| Lot Size | 1.20 AC | Corridor | Interior |
| Building Size | 23,248 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 23,248 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1998/2019 |
| Parking Ratio | 1.98/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Hot Tub
About 420 Broadway St , Holdrege, NE 68949
Property Overview: The Rodeway Inn Holdrege is a 40-room, two-story property that was built in 1998. The award-winning Choice Hotels International-branded asset features an indoor whirlpool/hot tub, indoor heated pool, exercise room, guest laundry facilities, 1,800 square feet of meeting space, vending machines, ice machines, video game arcade, and business center. Each room features a ?at-screen television, mini-refrigerator, work desk, and jacuzzi in select rooms. Location Overview: Holdrege, Nebraska is located in the south-central part of the state and houses one of the region's ?nest performing art centers. The Rodeway Inn Holdrege is located on 420 Broadway Street, a central location off Highways 6 and 34, 18 miles south of Interstate 80. Leisure travelers are drawn to the nearby Nebraska Prairie Museum which is a historical interactive resource and hosts hundreds of thousands of visitors annually. Another attraction is the Tassel, Phelps County Center for the performing arts that seats 818 and regularly utilized for student performing and visual arts presentations. The facility hosts seven programs during their art season and the Holdrege Public Schools hosts events throughout the year. Nebraska Tourism also announced an annual tour, the Nebraska Passport Program, that features destinations throughout the state with Holdrege being included in the tour. Last year there was a record-breaking 1,185 program participants that made it to every stop which drove room demand to the selected locations.
PROPERTY TAXES
| Parcel Number | 001505.00 | Improvements Assessment | £796,863 |
| Land Assessment | £43,375 | Total Assessment | £840,238 |
PROPERTY TAXES
zoning
| Zoning Code | 03-Commerc |
| 03-Commerc |
