120th St & Ft St Omaha, NE 68164
- Hospitality properties
- 100,000 SF
Current Use by Public Records
- Hospitality properties
Property Details for 120th St & Ft St
- Property size
- 100,000 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional investment opportunity presents two hotels totaling over 247 rooms, situated at the SWC of N 120th Street & Fort Street in Omaha, Nebraska (zip code 68164). Each hotel boasts 4 stories and approximately 50,000 square feet. The combined property offers 125 keys in one hotel and 122 keys in the other, making it ideally suited to accommodate the significant influx of visitors expected with the development of the nearby Tranquility Park. This $54 million city-funded project will feature a premier youth multi-sport complex, including 16 synthetic turf soccer fields and at least 10 synthetic turf softball/baseball fields. Construction is slated to begin in 2024 and conclude in 2026, promising substantial growth in tourism and demand for lodging in the area. The hotels' strategic location positions them to capitalize on this exciting development, making them an attractive investment for those seeking exposure to the thriving Omaha hospitality market. This is a unique opportunity to acquire a substantial hotel portfolio poised for significant appreciation in value due to the proximity to this major sports complex. Contact us today for pricing and further details.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Omaha
- County
- Douglas
- State
- Nebraska
- Longitude
- -96.1007
- Latitude
- 41.3067
