HotelsKansas

Select Categories Kansas
77 Room Branded HotelGreat Location in the heart of Washington Wine Country!
$5,450,000Cash Flow: $350,000
77 Room Branded HotelGreat Location in the heart of Washington Wine Country!

Wallace, KS

Comfort Inn Walla Walla is a relatively new 77 room, interior corridor hotel prominently situated on the main highway entering Walla Walla. Built in 2008, this hotel features an outstanding location in the heart of the wine country. More and more visitors are attracted to Walla Walla each year as it has become prestigious world wide for the quality of its wines and has become one of the largest producing areas in the country with over 120 wineries and 2800 acres of grapes under cultivation. One major feature of this hotel is a penthouse suite belonging to the owner, never rented but capable of commanding up to $450 per night. The current ownership of this hotel is based out of state and are selling this property due to its remote location from their headquarters creating an incredible opportunity for an enterprising buyer. *Real Estate included in asking price.

Garnett Inn, Suites & RV ParkGarnett Inn, Suites & RV Park
$800,000
Garnett Inn, Suites & RV ParkGarnett Inn, Suites & RV Park

Garnett, KS

The Garnett Inn, Suites & RV Park is located off of US Highway 169 on the south side of Garnett, Kansas. In addition to having multiple revenue streams (hotel, RV park & self-storage), the property offers a number of amenities including a lounge, continental breakfast, free Wi-Fi, an exercise room, a meeting room as well as a guest laundry facility. The City of Garnett is the county seat of Anderson County, located in the east central part of the State of Kansas. The City is situated on U.S. Highways 59 and 169 and Kansas Highway 31. U.S. Interstate 35 is less than 25 miles north of the City by way of U.S. Highway 59. The City is approximately 90 miles southwest of Kansas City and 75 miles southeast of Topeka. The estimated population of Garnett was 3,400 in 2015. The nearest commercial air service is Kansas City International Airport which is 90 miles from Garnett. Garnett is the major community of Anderson County. The primary economic activity of the County is agriculture and related supporting activities. However, the urbanizing influence of the Kansas City metropolitan area has begun to affect the norther portion of Anderson County and to a lesser extent, the City in that “bedroom communities” (suburban communities) are beginning to develop. As this urbanizing influence continues, it is anticipated that it will continue to offset the decline in agricultural population due to the trend toward farm consolidation. Garnett is home to East Kansas Agri-Energy which produces more than 40 million gallons of ethanol as well as 200,000 tons of grain and 5 million pounds of corn oil each year from its 16 million bushels of locally-sourced corn. At a list price under 2.5x revenue (and with no franchise fees) this offering represents an excellent opportunity for limited service investors and owner/operators.

Rodeway Inn & SuitesRodeway Inn & Suites for Sale
$900,000
Rodeway Inn & SuitesRodeway Inn & Suites for Sale

Hoisington, KS

The Rodeway Inn & Suites is a Gold Award winning small market hotel, located in central KS near the Junction of KS Hwy 4 and highly traveled US Hwy 281. 281 stretches from Mexico to Canada, and is one of longest routes of its kind in the country. The property is currently enjoying RE tax abatement until 2020, through a nontaxable bond issue and a leasehold interest with the City of Hoisington. It reverts to fee simple title in 2020 when the bonds retire, or the bonds could be retired early to provide fee simple title. The property has enjoyed steady annual increases in room revenue, including YE 2017. It is now offered at less than $30K per key which is very rare for a new property. It also features an elevator which is unusual for a small property in a small town. There are a number of local demand generators in the area, many related to the outdoors. The area is noted for its extensive outdoor activities, including deer, pheasant, quail, duck and goose hunting. Hoisington is known as the Gateway to the Cheyenne Bottoms, which is the largest interior wetland marshes in the country. It covers over 41,000 acres and 45% of the nation's migratory shorebirds pass through the "Bottoms", via the Central Flyway. This collection of waterfowl and shorebirds attracts birdwatchers from all over the world. It is not unusual for the Bottoms to be closed for a few days for hunting as Whooping Cranes make their way south on their migration. Moreover, it is a migratory stop for hundreds of thousands of ducks and geese, which also attract hunters from all over the country. Barton County Community College in Great Bend, KS is only 10 minutes away and Ft. Hays State University is about 60 miles. I-70 is only 30 miles to the north. Local businesses include Superior Essex, KS Brick & Tile and Roto-Mix. Essex and Roto-Mix sell market and products internationally. Many hotels are marketed with the phrase "ideal for onsite owner-operator", but this one truly fits the description. Or it could add to a regional portfolio. Either way, it is highly unusual to see a newer hotel offered at 50% of replacement costs. If you visit, you will find a very nice property when you visit and will be pleasantly surprised.


Become a Premium Member Today!