Wyndham Omaha 655 N 108th Ave
221 Room Hotel Omaha, NE 68154 $17,500,000 ($79,186/Room)
INVESTMENT HIGHLIGHTS
- Situated at the epicenter of business activity in suburban Omaha
- Across I-680 from Westroads Mall, Nebraska’s largest shopping center
- The senior living market in Omaha is experiencing growing demand, particularly for independent living and memory care options
- Proximate to over three million sq. ft. of high-quality office space, including the world headquarters of TD Ameritrade
- Nearby institutions include the University of Nebraska-Omaha, Methodist Hospital, and Children’s Hospital
- Detailed plans for renovation ensure that the project will meet high standards and cater to the specific needs of senior living residents
EXECUTIVE SUMMARY
The Nevarez Group of Marcus & Millichap is thrilled to present this exceptional investment opportunity. The conversion of the Wyndham Hotel into Spring House Senior Living of Omaha is poised to meet the growing need for senior living facilities in the Omaha area. With a strategic location, significant upside potential, a well defined renovation plan, and property approval with permits ready, this investment offers a unique opportunity to capitalize on the expanding senior living market
The proposed conversion of the Wyndham Hotel into Spring House Senior Living of Omaha represents a compelling investment for several key reasons:
Strategic Location
• Situated at the epicenter of business activity in suburban Omaha
• Proximate to over three million sq. ft. of high-quality office space, including the world headquarters of TD Ameritrade
• Across I-680 from Westroads Mall, Nebraska’s largest shopping center
Corporate Presence Omaha is headquarters for five Fortune 500 companies:
• ConAgra Foods
• Union Pacific Corporation
• Mutual of Omaha
• Kiewit Corporation
• Berkshire Hathaway
The proposed conversion of the Wyndham Hotel into Spring House Senior Living of Omaha represents a compelling investment for several key reasons:
Strategic Location
• Situated at the epicenter of business activity in suburban Omaha
• Proximate to over three million sq. ft. of high-quality office space, including the world headquarters of TD Ameritrade
• Across I-680 from Westroads Mall, Nebraska’s largest shopping center
Corporate Presence Omaha is headquarters for five Fortune 500 companies:
• ConAgra Foods
• Union Pacific Corporation
• Mutual of Omaha
• Kiewit Corporation
• Berkshire Hathaway
PROPERTY FACTS
| Price | $17,500,000 |
| Price Per Room | $79,186 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.57 AC |
| Building Size | 142,909 SF |
| No. Rooms | 221 |
| No. Stories | 6 |
| Year Built | 1974 |
| Tenancy | Single |
| Parking Ratio | 1.4/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 11 | $161.00 | - |
| Guest Room | 210 | $143.00 | - |
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PROPERTY TAXES
| Parcel Number | 2964-0006-01 | Improvements Assessment | $5,281,000 |
| Land Assessment | $1,202,400 | Total Assessment | $6,483,400 |
ZONING
| Zoning Code | C (Hotel and MF) |
