220 W EUGENE AVE North Platte NE 69101-9402

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Super 8 North Platte (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Property is offered at $1,900,000 or $17,117 per key.

The Super 8 North Platte is a 111-room, interior-corridor, economy Hotel located at 220 W Eugene Avenue, at the intersection of Interstate 80 and Highway 83. The Property is approximately 45,000 square feet across two floors and has various amenities including a business center, laundry facilities, and fitness room.

North Platte is the county seat of Lincoln County, Nebraska and is positioned in the west-central region of the state. The Hotel is ideally positioned off Interstate 80, the city’s major thoroughfare, providing accessibility to eastern/western transient and business travelers. With the region’s employers and popular revenue generators near the Property, this sought-after Hotel benefits from many key industries of the city including health care & social assistance, retail trade, and transportation/warehousing. North Platte Nebraska Hospital and Great Plains Regional Medical Center, two of the city’s largest employers, are located approximately two miles from the Hotel and exist as prime revenue drivers for the surrounding area. Other major employers responsible for a significant portion of the workforce include Walmart, UPS, Aerotek, Linden Court, and NAF Multicultural Human Development. Revenue generators in the area, like the Buffalo Bills Scouts Rest Ranch, Golden Spike Tower, Union Pacific Railroad Bailey Yard, Grain Bin Antique Town, and Cody Park Railroad Museum help bring additional revenue to the Hotel through an increase in transient business.

The limited-service Hotel recorded room revenues over $720 thousand in 2021 and a net operating income of over $84,600, or 11.4 percent of total revenues after a 3 percent reserve for capital replacement. In the same period, RevPAR was recorded at just $17.81, leading to a RevPAR penetration index of only 54 percent compared to the STR-defined competitive set. An experienced owner-operator can expect to significantly increase revenues through revenue management strategies and market penetration tactics.

• Two-Story, 111-Room, Economy, Wyndham-Branded Hotel

• Priced at a 2.64 RRM and Below Replacement Cost at $17,117 per Key

• Strategic Interstate/Highway Position Offering Superb Visibility and Accessibility

• Excellent Opportunity to Implement Strategic Marketing and Operational Strategies to Increase Performance and Cash Flow