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935 9th Ave, Sidney, NE, 69162

RODEWAY INN & SUITES
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Highlights

INVESTMENT HIGHLIGHTS

  • Brand Conversion Potential: The property has secured approvals for rebranding under recognized flags such as Super 8, Red Roof Inn, and Sonesta, presenting an opportunity to leverage established brand recognition and reservation systems to drive occupancy and revenue growth.
  • Expansion and Revenue Diversification: Currently featuring 48 rooms, including six equipped with kitchenettes, there is potential to expand the room count to 51. Additionally, the property offers space suitable for reopening a bar and restaurant, establishing a convenience store, or leasing to local businesses, thereby diversifying income streams and enhancing guest amenities.
  • Market Positioning and Demand Drivers: Situated in Historic Downtown Sidney, just off Interstate 80, the hotel benefits from high visibility and accessibility. The recent closure of a nearby competitor has reduced market supply, creating an opportunity to capture unmet demand. Proximity to attractions such as the Deadwood Trail and the National Pony Express Monument enhances its appeal to tourists and history enthusiasts.

 

Location

Agents

Broker of Record

Kyle Matthews

License # 35320 (NE)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203

Key Information

Cap Rate
25.64%
$ per unit
$15,625
Units
48
Year Built
1960/2020
Type
Hospitality
NOI
$192,276