Comfort Suites - Manhattan, KS

This Comfort Suites produces an attractive top-line revenue with cash flow, but still is offered well below replacement costs. Located in one of the best growth markets in Kansas, Manhattan represents numerous demand generators that attract significant numbers of visitors to the area. With outstanding curb appeal and minutes from Kansas State University, this hotel represents an superior investment opportunity.

Property Details

Address 1020 Hostetler Drive, Manhattan KS 66502 (view map)
Price $5,200,000
Rooms 80
Price Per Key 65,000
Property Type Upper Midscale
Revenue Call for CA

Executive Summary

The beautiful Comfort Suites is perfectly located near the Manhattan conference center, downtown Manhattan Town Center Mall and Kansas State University.  Manhattan is the principal city of the Manhattan Metro Area with an estimated population of 98,000.  It is also the principal city of the Manhattan-Junction City, Kansas Combined Statistical Area with an estimated population of 135,000, making it the fourth largest urban area in Kansas.  Kansas State University is minutes away with an enrollment of nearly 30,000 students.  Forbes has rated Manhattan one of the "Best Small Places for Young Entrepreneurs" six years in a row. The Princeton Review rated KSU among the top 20 universities in over 10 categories of ratings and the American Institute for Economic Research rated Manhattan as one of the Top 10 college towns in America.

As one would expect, the universtiy is a major demand generator for the area.  However, Manhattan also features a great mix of business, science/research, health care and military demand.

Fort Riley is a large military installation only 15 miles from Manhattan and is another contributor of business, both directly and in association with all of the businesses supporting the base, which has an economic impact of over $2.2 billion annually to the region.

One of the largest developments to occur in Kansas is the Department of Homeland Security's selection of Manhattan (Kansas State University) as home for the National Bio & Agro-Defense Facility (NBAF), located near the KSU Biosecurity Research Institute. This $1.2 billion dollar, 700,000 sqft facility is currently under construction and will bring a significant impact to the area, including high paying technical jobs and the possibility of attracting a number of support businesses to the area. 

This property produces enough revenue and net income to be purchased as a passive investment or by an operator expanding its portfolio.

Either way, you will find a property that generates attractive revenue, amazing curb appeal and great reviews.  When you visit, we are certain you will be pleasantly surprised.

Contact an Associate

David  Hasvold David Hasvold
605-940-9959 (office)
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Brent Jaynes, Managing Partner Brent Jaynes, Managing Partner
913-499-4731 (office)
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Hotel Description

  • Located near the redevelopment district, downtown Manhattan and Kansas State University
  • Great high traffic location, with easy access to entire metro area and attractions
  • Newer hotel, offered signfiicantly below replacement costs
  • Attractive net operating income
  • Excellent curb appeal
  • Built in 2009
  • Ample parking, all concrete
  • Recently renovated lobby and corridor carpets Truly Yours specifications
  • All units king or double queen suites (with sitting areas)
  • 3 floors
  • Rates 4.5 on Trip Advisor and the Choice hotel site
  • 100% non smoking
  • Business and Fitness Center
  • Indoor Pool and Spa