applebee’s restaurant conference center 122 rooms · available for events to be held in this...

OFFERING MEMORANDUM

Hotel Applebee’s Restaurant Conference Center 122 Rooms

TABLE OF CONTENTS

EXECUTIVE SUMMARY 3

PROPERTY OVERVIEW 7

FLOOR PLANS 9

FINANCIAL PERFORMANCE 11

ADDITIONAL PHOTOS 13

EXCLUSIVE INVESTMENT ADVISORS

Jennifer D. Stein

JDS Real Estate Services, Inc.

1231 Puerta Del Sol, Suite 100

San Clemente, CA 92673

Phone: (213) 446-5366

Email: [email protected]


mailto:[email protected]

https://jdsreservices.com/

2

DISCLAIMERBEST WESTERN PLUS YORK HOTEL & CONFERENCE CENTER | 122 ROOMS | YORK, NE

The material contained in this Offering Memorandum is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other

purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the JDS Real Estate Services, Inc.

or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is JDS Real Estate Services, Inc. and associates, and no other person is authorized

by the Owner to provide any information or to make any representations other than contained in this Offering Memorandum.

Neither the JDS Real Estate Services, Inc. and Associates nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the

information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering

Memorandum may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no

assurance that such estimates will be achieved. Further, the JDS Real Estate Services, Inc. and Associates and the Owner disclaim any and all liability for representations or

warranties, expressed or implied, contained in or omitted from this Offering Memorandum, or any other written or oral communication transmitted or made available to the

recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate

Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the JDS Real Estate Services, Inc. and

Associates nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering

Memorandum are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Memorandum is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all

expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with

or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless

and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner's sole discretion. By submitting an offer, a

prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the JDS Real Estate Services, Inc. and Associates from any

liability with respect thereto.

To the extent Owner or any Agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements

as binding. Only a fully executed Real Estate Purchase Agreement.

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.


Best Western Plus York Hotel & Conference Center | YORK, NEBRASKA

EXECUTIVE

SUMMARY

3


4Executive Summary

PROPERTY SUMMARY

Asking Price $6,800,000

Address 4619 S Lincoln Ave, York, NE 68467

Year Built / Last

Renovated

1989 / 2013

APN 930103114

Zoning C3- Commercial Highway

Stories 2

Site 420,790 sf (9.66 acres)

Building Area 147,004 sf

Guest Room Inventory 122

Guest Rooms 118

Guest Suites 4

Total Meeting and Event

Space

Event Room #1- 3300 Sq. Ft. With

ability to separate into 3 rooms.

Board Room- Approx. 400 Sq. Ft.

Food and Beverage Applebee’s Bar & Restaurant,

Complimentary Full Breakfast

Other Amenities Heated indoor swimming pool, Jacuzzi in

Suites, Laundry, business center, fitness

center, and banquet & conference

facilities.


5

Brand & Amenity Highlights

Brand Overview

Best Western Plus® goes beyond the expected, offering everything from well-appointed

guest rooms to upgraded amenities. Connecting you to Best Western Rewards®, our

award-winning loyalty program, we are committed to delivering the highest degree of

hospitality and unmatched value — around the block and around the world.

Everything you need for work and play, Best Western Plus delivers the comfort and

convenience you have come to expect from Best Western® Hotels & Resorts. Our spacious

guest rooms offer plush bedding and stylish bath amenities. The in-room desk and hotel

business center provide the right tools for a productive stay.

Main Brand Amenities

• Complimentary breakfast

• Free Wi-Fi

• In-room mini-refrigerator

• In-room work desk

• In-room coffee and tea maker

• Stylish bath amenities

• Fitness center

• Business center

• On-site guest laundry

Property Location

Patrons are connected to the convention center and within a 5-minute drive of Wessels

Living History Farm and York Country Club. This hotel is 3.6 mi (5.7 km) from Harrison Park

and 3.7 mi (5.9 km) from York Community Center and Anna Palmer Museum.

Rooms

122 air-conditioned rooms featuring refrigerators and microwaves. Complimentary wireless

Internet access keeps you connected, and cable programming provides entertainment.

Private bathrooms with shower/tub combinations feature complimentary toiletries and hair

dryers.

Amenities

Recreational amenities including an indoor pool and a 24-hour fitness center. Additional

features at this hotel include complimentary wireless Internet access, wedding services,

and a fireplace in the lobby.

Dining

Patrons may enjoy a meal at the restaurant or snacks in the coffee shop/café, or enjoy

room service (during limited hours). Wrapping up their day with a drink at the bar/lounge

and waking up to a complimentary full breakfast is served daily from 6 AM to 9:30 AM.

Business, Other Amenities

Featured amenities include complimentary wired Internet access, a 24-hour business

center, and complimentary newspapers in the lobby. Free self parking is available onsite.


The City of York is located at the "Crossroads of the

Midwest," at the intersection of Interstate 80 and the

"Pan American Highway" designated locally as US

Highway 81).

Located in the midst of the most productive and fertile

farmland in America, York is the hub of economic

activity for the area. With a thriving downtown retail

area, York also has an active commercial sector

located near the intersection of the two major

roadways. Industrial companies located in York

include an ethanol plant, aerospace component

manufacturer and companies that trade both

nationally and internationally.

York, a city of over 8,000 population, offers all of the

character of a small town with the advantages of a

more populated city. Strategically located at the

intersection of Highway 81, a major north-south 4-lane

expressway that stretches from South America to

Canada, and Interstate 80 that traverses the Atlantic

to the Pacific.

York is the heart of the nation.

Social MediaYork provides numerous amenities found

only in larger more metropolitan cities, cutting edge

health care

technologies and facilities, a vibrant hospitality

industry ready to serve the needs of visitors and

residents alike, progressive educational institutions

including a four-year college and a full range of

support services for families and businesses.

ContactYork's transportation arterials and location

allow easy access to Lincoln, the home of state

government, the University of Nebraska, and the Lied

Center for Performing Arts. Connected can also be

used to describe the telecommunications

infrastructure York citizens enjoy. You can do

business with anyone, anywhere, from York,

Nebraska.

An excellent workforce, quality of life, and low cost of

living combine to make York one of the most attractive

locations to live or work in the United States.

6

Location Overview- York, Nebraska


PROPERTY

OVERVIEW

7


Property OverviewThe hotel was built in 1989 and just recently completed the “Design Excellence Property

Improvement Plan” on February 27, 2017 The property consists of a 2-story building with

a single story grand entry and surface parking. The first floor features the Lobby,

Business Center, Applebee’s Restaurant, Conference Center, Executive Board Room,

and guest rooms, while floor two includes the Fitness Center and additional guest

rooms.

RestaurantThe property includes a full Applebee’s Restaurant, which features a full bar, and is

located in the main lobby area. This allows for On-site catering, food and beverages

available daily from 11AM-12AM, 7 days a week.

Conference Center & Board RoomThe conference center is comprised of a total of 3300 sf that can be separated into 3

banquet areas @ 1300 sf each. Tables, chairs, and presentation materials are all

available for events to be held in this area. Perfect for large conventions and events that

require a full day of activities that can be serviced through Applebee's catering service.

Guest RoomsThe property’s 122 guest rooms include traditional Double queen and King bed rooms. A

total of 4 suites with jacuzzi tub, 2 with Deluxe King and sofa-bed. 2 suites include

oversized bathroom and additional amenities. Standard rooms average 310 sq. ft. and

include complimentary wireless Internet access, a coffee/tea maker, microwave, mini

refrigerator, desk/work area, and flat-screen televisions.

8

ROOM MIX

Type Rooms

King 55

K Suite 4

Double Q 63

Total Rooms 122

AMENITIES

Heated Pool

Applebee’s Bar & Restaurant

Fitness Center

Business Center

Conference Center

Guest Room Workspaces


Floor Plans- Level 1

9


Floor Plans- Level 2

10


FINANCIAL

PERFORMANCE

11


12

2019 Jan - Apr P&L and Proforma Assumptions

Confidentiality & DisclaimerAll materials and information received or derived from JDS Real Estate Services, Inc. andAssociates, its directors, officers, agents, advisors, affiliates and/or any third party sources areprovided without representation or warranty as to completeness , veracity, or accuracy,condition of the property, compliance or lack of compliance with applicable governmentalrequirements, developability or suitability, financial performance of the property, projectedfinancial performance of the property for any party’s intended use or any and all othermatters.

Neither JDS Real Estate Services, Inc. and Associates, its directors, officers, agents, advisors, oraffiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials andinformation from any source, whether written or verbal, that may be furnished for review arenot a substitute for a party’s active conduct of its own due diligence to determine these andother matters of significance to such party. JDS Real Estate Services, Inc. and Associates willnot investigate or verify any such matters or conduct due diligence for a party unlessotherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify allinformation and to conduct their own inspections and investigations including throughappropriate third party independent professionals selected by such party. All financial datashould be verified by the party including by obtaining and reading applicable documents andreports and consulting appropriate independent professionals. JDS Real Estate Services, Inc.and Associates makes no warranties and/or representations regarding the veracity,completeness, or relevance of any financial data or assumptions. JDS Real Estate Services, Inc.and Associates does not serve as a financial advisor to any party regarding any proposedtransaction.

All data and assumptions regarding financial performance, including that used for financialmodeling purposes, may differ from actual data or performance. Any estimates of marketrents and/or projected rents that may be provided to a party do not necessarily mean thatrents can be established at or increased to that level. Parties must evaluate any applicablecontractual and governmental limitations as well as market conditions, vacancy factors andother issues in order to determine rents from or for the property. Legal questions should bediscussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the partywith a title officer or attorney. Questions regarding the condition of the property and whetherthe property complies with applicable governmental requirements should be discussed by theparty with appropriate engineers, architects, contractors, other consultants and governmentalagencies. All properties and services are marketed by JDS Real Estate Services, Inc. andAssociates in compliance with all applicable fair housing and equal opportunity laws.

Proforma was constructed using a 3x multiple of the first quarter financials and

created to show what may be expected. It should NOT be used as an absolute

expectation.


13

Additional Photos


14

Additional Photos



INVESTMENT CONTACTS

Jennifer D. Stein


1231 Puerta Del Sol, Suite 100

San Clemente, CA 92673

Phone: (213) 446-5366

Email: [email protected]



mailto:[email protected]

https://jdsreservices.com/

applebee’s restaurant conference center 122 rooms · available for events to be held in this...

Documents