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Holiday Inn Express & Suites Nevada 311 S Johnson Dr

68 Room Hotel Nevada, MO 64772 For Sale

Investment Highlights

  • Strong operational upside in transitioning the asset out of institutional ownership and third-party management.
  • Healthcare, manufacturing and education anchor the economic activity, with Nevada Regional Medical Center, 3M Manufacturing, and Cottey College
  • History, outdoor recreation, and cultural activities drive leisure demand. The Bushwacker Museum focuses on Nevada’s history as a Civil War site
  • Property is offered unencumbered by management and debt and at a significant discount to replacement cost.
  • Agriculture plays a significant role in the local economy, contributing to employment and business in related sectors like logistics and manufacturing
  • Property is situated adjacent to the heavily trafficked Interstate 49, with more than 10,000 vehicles passing the location daily.

Executive Summary

Alchemy Real Estate Advisors is pleased to offer, on an exclusive basis, the opportunity to acquire fee simple interest in the 68-room Holiday Inn Express & Suites in Nevada, Missouri. The property is offered for sale as part of an eight (8) property portfolio located across five (5) states in Illinois, Iowa, Kansas, Missouri and Oklahoma. All properties will be sold individually in a January 22nd Auction Event.

The 8 properties include:
Holiday Inn Express & Suites: Jacksonville, Illinois
Holiday Inn Express & Suites: Mattoon, Illinois
Holiday Inn Express & Suites: Dubuque, Iowa
Holiday Inn Express & Suites: Emporia, Kansas
Holiday Inn Express & Suites: Nevada, Missouri
Holiday Inn Express & Suites: Bethany (OKC MSA), Oklahoma
Holiday Inn Express & Suites: Chickasha (OKC MSA), Oklahoma
Hampton Inn: Chickasha (OKC MSA), Oklahoma
Property Tours
Property tours are available on Wednesday, 12/18 by appointment only. Please reach out to Adam Montufar, amontufar@alchemyrea.com, to schedule.
Gary D. Ryther, Auctioneer
License: 199018502

Property Facts

Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.13 AC
Building Size 42,246 SF
No. Rooms 68
No. Stories 3
Year Built 2014
Parking Ratio 1.66/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Meeting Event Space

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 15 $113.00 -
Guest Room 53 $101.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18-1.0-11-0-0-4.08
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$835,250

zoning

Zoning Code L03 (Residential)
L03 (Residential)
  • Listing ID: 33785547

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 311 S Johnson Dr, Nevada, MO 64772

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