$2,400,000.00
Asking Price
Status: Active
Posting ID: 284057
11/28/23
Description
PROPERTY DETAILS:
Location: Prime Location
For Sale: $2,400,000 | Cap Rate: 18.69%
Number of Rooms: 54
Lot Size: Not specified
Year Built: 1965
Zoning: Hospitality
PROPERTY HIGHLIGHTS:
Strategic Management Approach:
Owners have secured nearly 40% of occupancy with three-to-nine-month leases, ensuring consistent revenue and reducing reliance on transient guests.
Diversified guest base through relationships with local churches and workers from industries like windmill, pipeline, plumbing, and electrical.
Impressive Revenue Growth:
Achieved a 100% increase in revenue in just a few months, showcasing strong demand in a market with limited competition.
Attractive Investment Metrics:
Marketed with an 18.69% cap rate and a 70% NOI, making it an appealing prospect for potential investors.
USDA eligible property.
Key Metrics:
Revenue Per Room: $10,950
Cap Rate: 18.69%
Cash on Cash Return: 53%
MARKET OVERVIEW:
Location: Prime location in Kansas, at the US 54 Highway and US 169 Highway junction.
Population: Approximately 5,704 (2010 census).
MAJOR INDUSTRIES:
Russell Stover Candies:
Leading manufacturer of boxed, seasonal, and sugar-free chocolates.
Gates Rubber Corporation:
Privately-owned company with a $26 million plant in Iola.
Trame LLC:
Services the heavy-duty tractor and trailer OEM and aftermarket businesses.
Cameron International Corporation:
Manufactures pressure control equipment for worldwide oil and gas drilling and production operations.
Sonic Equipment Company/ Kneisley Manufacturing:
Provides a broad range of goods and services to varied industries.
COMMUNITY EVENTS:
Various events like town carnivals, car shows, racing events, farm city days, and more contribute to demand generators.
Notable attractions include Owl Creek Jamboree, Fourth of July Pedal Parade, County Fair, Humbolt Speedway, and more.
PROPERTY FEATURES:
Monthly leases with high occupancy, ADR, and RevPar.
USDA eligible with 50% cash on cash return.
New roof, PTAC units, and flooring.
Low property taxes, insurance, and expenses.
No franchise fees, ensuring high returns.
LOCAL AMENITIES:
Modern, affordable housing.
Nearby county airport.
Multiple parks, swimming pool facility, golf courses, disc golf, biking and walking trails.
ACCESSIBILITY:
This 54-room independent hotel presents a rare investment opportunity, showcasing impressive revenue growth, strategic management approaches, and attractive investment metrics. With a prime location in Kansas, and a diverse range of local industries contributing to the economic landscape, this property is poised for continued success. Act now to secure a lucrative investment with strong financials and potential for further growth.
To get more information about this Hotel - Prime, Independent, Profitable, 54 Rooms business for sale in please phone Crystal Lee (Broker) at 858-717-3005 Text and 858-210-8282 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284057 on BizBen.com. In addition to phoning Crystal Lee, make sure you email Crystal Lee above to get more info about this Hotel - Prime, Independent, Profitable, 54 Rooms, to ask any questions or request an appointment to see this business for sale. Thank you. American Real Estate.
Contact
Phone: 858-717-3005 TextPhone: 858-210-8282 TextDetails
Asking Price: $2,400,000.00
Down: $480,000.00
Cash Flow: $448,442.00
Revenue: $591,300.00
Area:
City: None Given
Attributes:
My Notes About This Listing
Cash flow
$448,442
Revenue
$591,300
Down
$480,000
Posting: 284057 | Available | 11/28/23
This 54-room independent hotel presents a rare investment opportunity, showcasing impressive revenue growth, strategic management approaches, and attractive investment metrics. With a prime location in Kansas, this property is poised for continued success.
Asking Price
$2,400,000
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