Nugent Hotel Brokers, Inc. has negotiated the sale of the 66-room Comfort Suites located at 10503 Bedford Avenue in Omaha, Nebraska. The Hotel, originally built in 1996, underwent a major PIP in 2014 that impacted the exterior, front desk, lobby, breakfast room, exercise room and all guest suites. In the first half of 2015, the Hotel enjoyed a 9.4 percent increase in room revenues. Shree Laxmi Narayan, Inc., an experienced Choice franchisee, purchased the hotel from Krupa, Inc. Bill Nugent, President of Nugent Hotel Brokers, arranged the sale.
“I was pleased to introduce the buyer to different potential lending sources including the eventual loan source. The buyer had several financing sources from which to choose and selected a Nebraska regional bank for acquisition financing of the hotel,” said Mr. Nugent. This same Nebraska bank also financed the purchase of an Iowa hotel listed and sold by Nugent Hotel Brokers earlier in 2015.
Bill Nugent is President and Principal Broker of Nugent Hotel Brokers, a full-service hospitality real estate investment and consulting firm based in Leawood, Kansas. Bill has earned recognition for significant sales achievements including Portfolio of the Year, Top Broker in the U.S. Central Region and Record Dollar Volume in Sales. His success has been based in part upon his particularly well rounded background reflecting a business lifetime of work in the hotel industry. He served as the senior vice president of sales for a national hotel brokerage for 16 years where he was the top producer. He is a former hotel owner and has over 19 years of experience in hotel operations including 16 years with Marriott Hotels and Resorts. And, he served as a commercial loan underwriter for a nationwide non-recourse lender and understands hotel financing from the ground up. Bill is presently an active member of the Hotel Brokers International and has served on their Board of Directors since 2013.
Founded in 1959, Hotel Brokers International members lead the industry in hotel real estate sales. HBI hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and consistently account for the largest share of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 100 property listings and the HBI website attracts more than 55,000 monthly site visitors. Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
For more information contact:
Bill Nugent, President
Nugent Hotel Brokers, Inc.
Glenda J. Webb, Managing Director
Hotel Brokers International
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