HREC arranges sale of this Nebraska hotel

(Holiday Inn Express)

HREC Investment Advisors and Prudential Properties arranged the sale of the 197-guestroom Holiday Inn Grand Island Midtown, located in Grand Island, Neb. The new owners, native to Nebraska, have been involved in the limited-service group of hotels, New Victorian Inns, since 2002. The Grand Island property will be renamed the Hotel Grand Conference Center and is the group's first entry into the full-service market.

HREC Investment Advisors and Prudential Properties were the exclusive real estate investment brokers representing the seller, which has owned the Midtown Holiday Inn since 1974. The sale was negotiated by Mike Dube (VP) and Jeffrey Duni (VP). Dube said that, "due to the unique relationships that the hotel's highly tenured staff has within the community, I have no doubt that the new owners will be successful in this market with an independent hotel."

"I am so pleased that the purchasing group is from Nebraska and is committed to make the Hotel Grand the premier property in Grand Island," said Larry Huwaldt, the previous owner. "We pride ourselves in the customer service we have provided over the years and fully believe this shall continue under the new owners.”

Grand Island is the third most populous city in Nebraska and conveniently located three miles north of Interstate 80, approximately 95 miles west, or an hour and a half drive, from the state capital of Lincoln, Neb. The Holiday Inn is located near the Nebraska State Fairgrounds, which moved from Lincoln to Grand Island in 2010. In addition to the livestock shows, Grand Island is home to the Nebraska Law Enforcement Training Center, which is the sole agency responsible for training law enforcement officers throughout the state. Additional events hosted in Grand Island include Husker Harvest Days, Nebraska State Cheer and Dance competition, Hoops Mania and a number of other events.