LOCATION - Southeastern Nebraska, on Highway 33 in the heart of America's agricultural breadbasket. With its great schools Crete, Nebraska, is a terrific place to bring up a family or to retire to from hectic big-city life.

Via Interstate-80 or US Hwy 77 Crete is located about 25-miles southwest of Lincoln, Nebraska’s capitol and home of the red-hot Huskers college-football team. It can be considered a bedroom-community of Nebraska’s state capitol. Situated approximately 80-miles southeast of Omaha, the state’s largest city, 12-miles south of coast-to-coast Interstate Highway 80, and about 50-miles north of the Kansas state-line, Crete’s population is approximately 6,300 and growing. Saline County population is at approximately 14,300 and growing as well. The region provides great agriculture production and offers world-class hunting, fishing, and a great lifestyle for young and old alike.

Recreational activities are provided by ready access to the municipal pool, golf at Pioneers Golf Course, and tennis at Lincoln Racquet Club. Additional area attractions and educational services are provided by the 4-year Doane College, the Bob Devaney Sports Center, and the Lincoln Children's Museum.

The property is situated on the town’s east/west main street, with most services within walking distance.

PROPERTY - America’s Best Value Inn of Crete, Nebraska, is a 38-guestroom property, including 2 suites, on the west side of town, a couple minutes from downtown with businesses, offices, shops and restaurants, as well as its schools recognized for high-quality education. The motel has been owned for over 20-years by life-long residents of the community.

Each guestroom of the L-shaped, 2-story property features tub/shower combinations with separate vanities, cable TV, heating and cooling is provided with individually controlled HVAC units, free high-speed Internet access, a state-of-the-art telephone system, refrigerators, and alarm clocks. Well-lit, easily accessible exterior entrances assure ease and comfort to each room, with ample parking for vehicles of all types.

A Porte Cochere assures secure access to the front lobby and guest registration area during any and all weather conditions. Quality accommodations for physically impaired guests are in place. Fax and copy service, complimentary coffee and ice, truck parking, a picnic area with tables and benches, as well as outdoor plug-ins for recreational vehicles, which are also available. Directly next door, a flourishing full-service restaurant provides Chinese and American cuisine, popular with locals and motel guests alike.

The property offers comfortable two-bedroom - one bath, living quarters, with a nice living room and kitchen for hands-on owners or, like at this time, an employed manager team. A well-equipped commercial motel laundry facility is in place too. The facilities are in superior condition, situated on approximately .9132 prime acre(s) (+/-) of land.

ANNUAL 2007 REVENUES & EXPENSES - Guestroom Revenues $255,590.00. Labor Cost, including Management, Payroll Taxes & Workmen’s Compensation, approx. $72,805; Franchise/Membership $10,182; Advertising $4,012; Utilities (Electric/Water/Sewer/Gas/Waste Disposal, Telephone and Cable TV) approximately $35,559; Hazard & Liability Insurance approx. $5,937; Repair, Maintenance & Maint. Supplies $22,553; 2007 property taxes approx. $13,209; and Supplies/Office Supplies were approximately $12,364.

DOANE COLLEGE - Founded in 1872, Crete’s Doane College is Nebraska's first 4-year liberal arts and sciences school. More than 135-years later, Doane offers bright, ambitious, and service-minded students a world-class education grounded in the uncompromising pursuit of leadership through academic excellence, innovation, and the creation of a special sense of place for each individual. Doane graduates ethical leaders who continuously serve and impact communities, the state, the nation, and the world with distinction.

U.S. News & World Report has ranked Doane a "Great School at a Great Price" for five consecutive years, as well as placing it among the top 25 of 572 mid-western schools. The Princeton Review has named it one of the "Best Colleges" in the Midwest; and Kaplan/Newsweek College Catalog recently called it a "hidden treasure."

Doane Statistics: Enrollment 1,555; Average GPA 3.45; Student Faculty Ratio 10:1; Most Popular Majors:  Biological & Physical Sciences, Economics, Elementary Education & Teaching.

WEBSITES OF INTEREST:

Crete Motels
Doane College
Official Crete, NE Website

Information herein has been obtained from what are believed to be reliable sources, however, Anton Hospitality Brokers, Inc., cannot guarantee its accuracy. References and information contained herein are approximate only and are subject to changes and errors. Assumptions are based on professional management and marketing of the property and future operating results will vary depending on ownership. Buyers must conduct their own investigation and due diligence and consultation with a professional financial advisor is highly recommended. Price is subject to change without notice.