311 South Johnson Drive

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Address: 311 S, 311 Johnson Dr, Nevada, MO 64772, USA
Created date: November 4, 2024
Date last updated: January 13, 2025
  • Fee simple interest in the 68-room Holiday Inn Express & Suites in Nevada, Missouri
  • The asset will be available for purchase in the January 22nd auction event via RI Marketplace
  • Offered for sale as part of an eight-property (8) portfolio, with all properties being sold individually
  • Strong operational upside in transitioning the asset out of institutional ownership and third-party management
  • Property is offered unencumbered by management and debt and at a significant discount to replacement cost
  • Situated adjacent to the heavily trafficked Interstate 49, with more than 10,000 vehicles passing the location daily
  • Healthcare, Manufacturing, and education anchor the economic activity, with Nevada Regional Medical Center, 3M Manufacturing, and Cottey College serving as three of the area’s primary employers
  • Agriculture plays a significant role in the local economy, contributing to employment and business in related sectors like logistics and manufacturing. Agricultural conventions, trade shows, and business meetings related to farming equipment or agribusiness create transient demand for hotel stays
  • History, outdoor recreation, and cultural activities drive leisure demand - the Bushwacker Museum focuses on Nevada’s history as a Civil War site, while Vernon County Lake, Four Rivers Conservation Area, and Walton Park provide numerous activities for outdoor enthusiasts

Property Description

Alchemy Real Estate Advisors, in conjunction with RI Marketplace, is pleased to offer, on an exclusive basis, the opportunity to acquire the fee simple interest in the 68-room Holiday Inn Express & Suites in Nevada, Missouri. The Property is offered for sale as part of an eight (8) property portfolio across five (5) states in Illinois, Iowa, Kansas, Missouri, and Oklahoma. All properties will be sold individually in the December 12th Auction Event through RealInsight Marketplace. The eight properties include: Holiday Inn Express & Suites: Jacksonville, Illinois Holiday Inn Express & Suites: Mattoon, Illinois Holiday Inn Express & Suites: Dubuque, Iowa Holiday Inn Express & Suites: Emporia, Kansas Holiday Inn Express & Suites: Nevada, Missouri Holiday Inn Express & Suites: Bethany (OKC MSA), Oklahoma Holiday Inn Express & Suites: Chickasha (OKC MSA), Oklahoma Hampton Inn: Chickasha (OKC MSA), Oklahoma

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Hospitality
No. of Units: 68
Year Built: 2014
Lot Size: 2.07 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 311 South Johnson Drive, Nevada, MO 64772, USA
Provided by:

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