Four Points by Sheraton Omaha Midtown, NE

Listing Agents

Rob Willard
T | 314.306.2119
rwillard@paramountlodging.com

Andrew Makhlouf
T | 312.610.9067
amakhlouf@paramountlodging.com

Mike Schlictman
T | 803.920.4173
mikes@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in 120-room Four Points by Sheraton Omaha Midtown offered at a fraction of replacement cost
  • Minimal change of ownership PIP expected due to full hotel redevelopment in November 2019
  • Available unencumbered of management and debt
  • Ability to relicense property under the existing Marriott brand for a new long-term franchise agreement
  • Consistently strong market with the trailing 36-month pre-COVID competitive set occupancy of ~73%
  • Strong operational upside for new owner to revamp operations and execute a revised sales and marketing strategy that has been missing since pre-COVID
  • Recovery well underway in the local Omaha market with the RevPAR increase of +90% year over year
  • Readily accessible and proximate to the Interstate-29, Interstate-480, and Interstate-80 corridors with more than 265,000 vehicles passing the location daily
  • Largest employers in the area include Methodist Health System, Nebraska Medicine, CHI, Mutual of Omaha, Fiserv, Union Pacific Railroad, First National Bank, TD Ameritrade, PayPal, Creighton University, and ConAgra
  • Opportune time to invest in Omaha with the return of Berkshire Hathaway’s Annual Shareholder meeting which attracts more than 40,000 visitors annually and record attendance of the 2021 NCAA Men’s College World Series, which saw almost 360,000 attendees
  • Readily accessible to all local and regional demand, including Omaha Eppley Airfield, Downtown Old Market, Charles Schwab Field – TD Ameritrade Park, CHI Health Center, Omaha Convention Center, Creighton University, Henry Doorly Zoo, University of Nebraska Omaha, Harrah’s, and Boys Town National Hospital
Location