Red Coach Inn & Suites - Hotel for Sale

Hospitality for Sale
Catylist Listing ID: 30577817
Property Subtypes: Hotel
Number of Units: 104 Units
Building Size (RSF): 30,000 SF
Gross Building Area: See Agent
Sale Price: $995,000
Unit Price: $9,567.31 Per Unit
Property Use Type: Investment
Name of Establishment: Red Coach Inn & Suites
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/2/2020

Overview / Comments

NewGen Advisory and NHS Commercial are proud to present the Red Coach Inn & Suites located in Grand Island, NE. This property is a two story exterior corridor that features 104 guest rooms which sits on 5 acres of land.

The 5 acre site is situated on US-HWY 34 and Locust Street. This property presents an owner operator with a great opportunity to come into this under
preforming, absentee owned asset, and increase profitability by
hands on management, proper marketing, potential re-branding,
combined with rate and expense management. The property is
currently fully staffed with very little ownership or management
presence. With a more involved investor or owner operator there is
much upside potential.

Additional Details

Nearest MSA: Grand Island
County: Hall
Tax ID/APN: 400148447
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: US-HWY 34 and Locust Street, Grand Island NE
Largest Nearby Street: US-HWY 34
Highway Access: US-HWY 34
Airports: GRI
Area Description: The Red Coach Inn & Suites is centrally located off Highway 34-Highway 2 on South Locust Street. There are many local attractions attractions such as Fonner Park, Island Oasis Water Park, and Doane College nearby.
Nearby Attractions: Island Oasis Water Park, Stuhr Museum-Prairie Pioneer, Doane College, Fonner Park
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1974
Year Renovated: 2018
Roof Type: Mansard
Water Recreation: Indoor Pool
Total Parking Spaces: 150
Parking Type: Surface
Parking Description: On-site parking. Parking Lot renovated in 2018.
Laundry: Shared
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,290 30,115 51,077
Median Age: 48.82 36.01 36.16
Households: 952 11,521 19,308

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