LOCATION: 311 East 1st Street, close to major Interstate-80 exit. Located in southwest Nebraska between the North and South Platte rivers in Keith County. Approximately one mile from beautiful Lake McConaughy, one of the largest lakes in the western United States, featuring beautiful white, sandy beaches and functioning as a gathering place for water sports enthusiasts. A family community, Ogallala is supported by farming, ranching, manufacturing, and tourism. It offers excellent schools, both public and parochial, as well as a brand-new, state-of-the art hospital. The city proudly features 11 parks, indoor & outdoor community pools, tennis courts and a new $1 million sports complex. Shopping, restaurants, movie-theatres are all within walking distance. The area offers fabulous hunting, fishing, sailing, boating, camping and a great lifestyle. Population is approximately 5,000.

IMPROVEMENTS: 40-guestrooms, plus 4-one bedroom apartments (rentals average $500 each per month) in three 1-story buildings; 8 of the guestrooms feature kitchenettes. Beautiful and spacious two-story owners quarters feature 2-bedrooms, 3 bathrooms and a family room upstairs. Main floor features a nice living room/dining room with hardwood floors, 1-bedroom, 2-bathrooms, a large, newly remodeled kitchen, as well as a magnificent reception lobby with front desk. New individual carrier HVACs, New carpets, drapes, windows and bedspreads. Nice basement functions as storage space. Commercial laundry facility has great equipment. All three buildings have nearly new roofs (3-4 yrs.). Outdoor swimming pool with hot-tub. Total land is approx. one whole city block. Brick/frame construction, originally built in the 1950’s. Very happy current owners - new to the motel business since 1999

FINANCIAL: Since the purchase in 1999, annual revenues (net of sales & lodging taxes) average $189,000.00. 

TERMS: Cash, SBA, Conventional, Seller may carry small 2nd mortgage.

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.