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20880022
20880045

1201 Avenue H, Carter Lake, IA 51510

PG
WY 491, MT RRE-BRO-LIC-8537 (+4)
Hospitality & Commercial Brokers
GE
WY 12658
Hospitality & Commercial Brokers
Listed by Hospitality & Commercial Brokers
$5,990,000
200 days on market
Updated 3 days ago

LaQuinta Carter Lake

Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 60,000
Keys 101
Brand/Tenant Wyndham
Year Built 1999
Year Renovated 2023
Stories 4

Omaha Airport 101 Keys Owner Financing Available with 10% down

Marketing description

1201 Avenue H, Carter Lake, IA

The La Quinta Inn & Suites by Wyndham Omaha Airport Downtown represents a strong value-add hospitality investment positioned within one of the Midwest’s most active airport submarkets. Reopened in October 2023, the hotel benefits from a refreshed operating platform, modern amenities, and direct proximity to major demand generators.

Prime Location Adjacent to Key Drivers

Immediate Airport Access: Located less than one mile from Eppley Airfield (OMA), Omaha’s primary commercial airport, offering seamless access for transient, corporate, and airline-related demand. A 24/7 complimentary shuttle enhances guest capture and convenience.
Surrounded by High-Growth Development: Steps from the transformational expansion of Prairie Flower Casino, growing from 7,000 SF to an estimated 70,000 SF of gaming, dining, and entertainment space. This expansion is expected to significantly lift regional visitation and overnight lodging needs.
Central to Omaha’s Urban Core: Minutes from Downtown Omaha, CHI Health Center Arena, Old Market District, and major corporate campuses.

The refreshed amenities package caters to a wide mix of corporate, leisure, airline, and casino guests.

Market Growth & Demand Outlook

Airport Modernization: The ongoing multi-phase modernization of Eppley Airfield is expected to increase passenger throughput, strengthen airline schedules, and drive additional overnight stays.
Casino Expansion Influence: With Prairie Flower Casino’s expansion recently completed, the hotel is positioned to capture increased gaming, entertainment, and workforce-related lodging demand.
True Airport/Casino Dual-Demand Position: Few hotels in the submarket offer this unique combination of direct airport proximity and adjacency to major tribal gaming expansion.

Investment highlights

Owner Financing Available with 10% down

Strong Location Fundamentals that support year-round demand from air travelers, leisure visitors, corporate business, and casino patrons.
Stabilization Opportunity following the 2023 reopening, allowing a new owner to fully realize upside through revenue management, corporate account development, and casino-driven traffic.
Long-Term Growth Prospects tied to airport expansion, casino expansion, and broader Omaha metro economic drivers. Other big projects are being considered in the area including a new professional Soccer statdium.
Attractive Midscale Brand Positioning under Wyndham Hotels & Resorts ensures consistent distribution, loyalty capture, and operational support.

Listing Contacts

PG
WY 491, MT RRE-BRO-LIC-8537 (+4)
Hospitality & Commercial Brokers
GE
WY 12658
Hospitality & Commercial Brokers
Listed by Hospitality & Commercial Brokers

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