Corporate East Hotel - Ulysses, KS

WOW!! Built in 2009 with many finishes and features of an upper-tier limited service hotel without the huge franchise fees. This independent hotel in southwest Kansas boasts a Cap Rate of 11.8% with top line revenue and superior net income! Step right into this one and take immediate advantage of the cash flow!!

Property Details

Address 1110 E. Oklahoma Ave., Ulysses KS 67880 (view map)
Price $2,300,000
Rooms 43
Price Per Key $53,488
Property Type Limited Service
Revenue Call or Email for CA

Executive Summary

The Corporate East Hotel is an original developer/owner property located in Ulysses, KS, a small town in southwest Kansas.  This independent hotel boasts all the attributes of an attractive investment, including  top line revenue and superior net income.  The Cap Rate is 11.8% of the listing price!  

The hotel, which opened in August 2009, is rated 4.5 on TripAdvisor.  There are a number of local demand generators in the area, which is known for its strong Agricultural background (beef, dairy & hogs) and the fact Ulysses is located on the Hougoton Natural Gas Fields.  Area attractions include the Adobe Museum and Wagon Bed Springs and boasts excellent pheasant hunting. 

Bob Wilson Memorial Grant County Hospital serves as a regional hospital to southwest Kansas and Ulysses is also the county seat of Grant County, providing steady government business.

The hotel has a total of 43 rooms, including a variety of suites (Themed, Grand Suite & Whirlpool Suites).  The hotel features an elevator, which is quite unusual to see in a small-town property.  Guest amenities include flat screen TV's, granite vanities, microwaves and mini fridges in all guestrooms, guest laundry and a meeting room.  There is also ample RV and truck parking.

This one features all the attributes of an attractive investment.  That is, steady revenue, superior net income and an active community.  Please call or email for a CA.

Contact an Associate

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

Hotel Description

  • Built in 2009 
  • NEW Roof & Gutters - December 2017
  • NEW "On Demand" hot water system
  • 2 floors with elevator  
  • Annually increasing revenue
  • Superior Net Income
  • 11.8% Cap Rate at listing price
  • Variety of Suites, including whirlpool suites
  • No pool to maintain
  • Flat Screen TV's
  • Meeting Room
  • Fitness Room
  • Guest Laundry
  • Ample RV  and truck parking