ABVI - Iola, KS

SOLD!!

Property Details

Address 1315 North State Street, Iola KS 66749 (view map)
Price $1,425,000
Rooms 58
Price Per Key $24,569
Property Type Limited Service w/leased on-site restaurant
Revenue $610,000 - T12 RR

Executive Summary

$170,000 PRICE REDUCTION!!

The ABVI in Iola, KS, with its higher revenue, benefits greatly from a fee structure that is not related to hotel revenue.  The long-time owners of the property have made many improvements, including remodeling the lobby and breakfast area, installing 40” LCD TV’s, installing newer beds and bedding and LG digital PTAC units.  The hotel has a very nice 2-bedroom living quarters, complete with a full kitchen and large living room.  The leased restaurant also brings in steady revenue to the long-time local tenant.

The city of Iola, KS, located just 1.5 hours from Kansas City and Wichita, is somewhat of a well-kept secret.  It features a strong business climate with a number of companies, including Russell Stover Candies, Gates Corporation and Allen Community College.

This ABVI features all the attributes of an attractive investment.  That is, solid cash flow, a strong business model and an active business town.  Please call or email for a CA.

Contact an Associate

Dave Jones, Principle Dave Jones, Principle
913-499-4725 (office)
Send an Email

Hotel Description

  • Keyless entry
  • HSIA
  • NEW Lobby & Breakfast Area
  • Seasonal Outdoor Pool
  • 40” Flat Screen TV’s
  • Guest Laundry
  • Microwave & Mini Fridge in all guestrooms
  • Spacious 2-bedroom living quarters w/full kitchen
  • On-site leased restaurant