Warmbrodt Hotel Investments Announces the Sale of Super 8 Lincoln Cornhusker Highway
Warmbrodt Hotel Investments (WHI) announced today they closed the sale of Super 8 Lincoln Cornhusker HIghway in Nebraska. WHI was the exclusive adviser on behalf of the seller. The property was sold to an institutional investor at an undisclosed price. The purchaser plans renovations to the guest rooms and public spaces.
“A high occupancy property in a stable market like Lincoln offers the buyer a good investment, while the seller is able to recycle capital into newer product.,” commented Herb Warmbrodt, President of WHI.
The Super 8 Lincoln Cornhusker Highway is a 133-room, interior-corridor, three-story
hotel. Features include a fitness room, business center, a meeting room, in-room
refrigerators and microwaves, guest laundry facility, free wireless internet and free
continental breakfast. The property has a good location in Lincoln along Cornhusker Highway/Highway 6 and North 27th Street. It is just minutes from the Nebraska State Capitol, the Lincoln Children’s Museum and the Lincoln Children’s Zoo. Also nearby are Memorial Stadium, home of The Nebraska Cornhuskers, The University of Nebraska, and bars and restaurants in The Historic Haymarket.