Best Western Hiawatha KS - Hiawatha, KS

This Best Western Plus is only 4 years old and is a beautiful 3 story, interior corridor property with superior revenues and a very attractive bottom line. This property includes over $1,700,000 in future tax incentives which can be assumed by a buyer, with City approval. The incentives, when combined with a very fine property, equate to plenty of cash flow.

Property Details

Address 119 East Lodge St., Hiawatha KS 66434 (view map)
Price $4,800,000
Rooms 57
Price Per Key $84,210
Property Type Limited Service
Revenue $1,150,000 plus incentives

Executive Summary

The Best Western Plus in Hiawatha, Kansas is one of those opportunities, not often seen, especially for an owner operator.  The hotel features a very attractive appearance and a pleasing sense of arrival.  The 57 room hotel is located in northeast Kansas a little over an hour from Kansas City on busy State Highway 36. The property is ideally located on the main highway exit into Hiawatha adjacent to a new McDonalds and a new Casey's C-Store.  

The revenue continues to ramp up and the trailing 12 revenues are now over $1,150,000.  The hotel also comes with two very significant tax incentives - a real estate tax abatement which saves the property approximately $70,000 per year and a transient guest tax rebate which brings in approximately $55,000 per year.  In 2016, the NOI before debt service, when including the approximate $120,000 in incentives, was well over $500,000!

The BW Plus is a 3 story interior corridor building with an EFIS exterior and attractive stone accents.  The hotel has a oversized and well designed lobby and breakfast area, an indoor pool and hot tub, a fitness room and many large suites.  The property is in excellent condition and has great visibility from the highway.  You will be quite suprised when you visit this property for a tour. 

Contact an Associate

Mike Works Mike Works
402-416-3522 (office)
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Hotel Description

HOTEL DESCRIPTION

  • 4 years old
  • 3 story, interior corridor
  • EFIS and stone exterior
  • Fitness Room
  • Indoor Pool & Hot Tub
  • Business Center
  • Large Lobby
  • Several large suites
  • Refrigerators and Microwaves