2102 Jeffers StNorth Platte, NE 69101

This fee-simple, 123-key Ramada by Wyndham hotel in North Platte, Nebraska, presents a compelling investment opportunity. Built in 1970 and renovated in 2018, this two-story property boasts over 17,000 square feet of event space, including 12 meeting rooms accommodating up to 600 banquet guests. Amenities include an indoor pool, hot tub, on-site restaurant, fitness center, business center, room service, and ample parking. Strategically located off US Highway 83 near I-80, the hotel benefits from its proximity to major transportation routes, including the world's largest railroad classification yard, Bailey Yard, and North Platte-Lee Bird Regional Airport. The area offers diverse attractions, including Buffalo Bill Ranch State Historical Park, Lincoln County Historical Museum, Cody Park, and Lake Maloney State Recreation Area, supporting a robust tourism sector. North Platte's economy is further bolstered by healthcare and agriculture. The hotel's location within the I-80 Corridor, which experienced a 4.7% RevPAR increase year-end 2023, indicates strong market performance and growth potential. The 5.38-acre lot offers significant upside for future development. This unencumbered property is offered at $6,499,999, or $52,845.52 per key, representing a strong value proposition for investors seeking exposure to the thriving Nebraska hospitality market.