Former Quality - Clarion/Mainstay Rebrand or Apt Conversion
Apartment Conversion Optionality
Marketing description
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Former Quality Inn Columbus, located at 265 33rd Ave in Columbus, Nebraska, offers a compelling value-add opportunity for hotel repositioning or multifamily conversion. Now unencumbered by franchise and management agreements, the 140-key asset provides immediate flexibility for investors.
Ownership has received interest and key incentive support from Choice Hotels for a potential reflag to Clarion or dual-brand options such as Quality Inn / Suburban Studios or Clarion / MainStay Suites, with minimal PIP requirements—creating a clear path to rebranding with reduced capital outlay.
Alternatively, the property is well-positioned for apartment conversion, offering investors a dual-path strategy to maximize value in the growing Columbus market. Current in-place zoning allows for high density multifamily use. Additional due diligence materials are available upon request.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
- Close of Escrow: 6/9/2026
265 33rd Ave, Columbus, NE 68601
Investment highlights
- 140 Key Full Service Hotel Asset – formerly operated as Quality Inn, Ramada Inn, and independent
- Dual Path Investment Opportunity: Operate as a hotel or pursue multifamily conversion
- Dual flags available with key incentive money including Quality/Suburban Studios or Clarion/MainStay Suites
- Property can be delivered unencumbered of franchise and management agreements
- Significant Revenue Upside with On-Site and/or Experienced Hotelier.
- Stabilized RevPAR expected between $65-70 to match competitive set
- Over 20,000 SF of Conference, Meeting, & Event Space for up to 1,500 attendees
- Full Restaurant & Bar Space
- Extensively Renovated in 2015 with minor renovations in 2023-2024
Listing Contacts
Map
Zoning
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