HREC Investment Advisors has arranged the sale of the 113-guestroom Marriott-branded Moxy Omaha Downtown, which was slated to open in early October 2023 in Omaha, Nebraska.
The Moxy was developed on one of the last available in-fill sites in Omaha’s historic Old Market district. NCG Hospitality, a family-owned, Madison-area based hospitality company, acquired the property.
The acquisition of the Moxy Omaha at certificate of occupancy results in a long-term investment asset for NCG in an Opportunity Zone and the opportunity for tax advantaged returns and long term appreciation.
HREC Investment Advisors exclusively represented the seller, Iowa-based Hawkeye Hotels, on this transaction. The marketing and negotiations were led by Michael Dube’, Senior Vice President, and Jeffrey Duni, Senior Vice President, both located in HREC Investment Advisors’ Denver Headquarters office, and Herb Warmbrodt, Principal and Broker of Record in Nebraska, located in HREC Investment Advisors’ Kansas City office.
Located in the heart of downtown Omaha, the property is within close proximity to key demand generators such as the CHI Health Center Arena and Convention Center, Creighton University, Charles Schwab Field, Kiewit University, and upon completion of Mutual of Omaha Insurance Company’s new headquarters, The Moxy will be one of the closest hotels to that office development and along the new streetcar line that will connect downtown with midtown Omaha and the University of Nebraska Medical Center.
