Best Western Hiawatha KS - Hiawatha, KS

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.