Hampton Inn - Salina, KS

This Hampton is only offered as part of a 3 property portfolio, along with the adjacent Courtyard, and the nearby new Hilton Garden Inn. All of these properties are high performers, including a very nice ramp-up of the HGI. The Hampton has just completed a $2.5M re-license PIP, including new interior, exterior, roof, portico and signage. The photos in this presentation are old photos of the old finishes. New photos have not yet been taken.

Property Details

Address 401 W Schilling, Salina KS 67401 (view map)
Price 8,000,000
Rooms 68
Price Per Key 117,647
Property Type Mid Scale Select Service
Revenue Call or email for Confidentiality Agreement

Executive Summary

Since the renovation is just now being completed, the exterior is still undergoing improvements, inlcuding the portico and landscaping.  The interior photos are of the renovated property

The Hampton can't be purchased individually but only as part of a portfolio with two other first class hotels in Salina, the adjacent Courtyard and the nearby new Hilton Garden Inn.   

First opened in 1998, this Hampton Inn has been a consistently strong performer in the Salina hotel Market. This is a unique opportunity to get into a fully refreshed hotel in an attractive and growing hospitality market. This hotel offers an ideal location just off Highway I-135, a major north-south thoroughfare that connects I-70 to Wichita and I-35, with Salina serving as the industrial, medical, retail, trade and service hub for north central Kansas. The hotel has easy access to many shops and restaurants as well as the Salina Municipal Airport providing service west to Denver International Airport. Wichita, Kansas and Kansas City, Kansas are 95 and 175 miles away, respectively.

The City of Salina is located in north central Kansas, near the geographic center of the contiguous United States. It is the seventh largest city in Kansas with an estimated population of 50,000. The city is the county seat for Saline County, which has an estimated population of 55,000.
Salina enjoys a diverse economy that includes several manufacturing interests both large and small, a strong agricultural economy that supplies local food processors and beverage makers and creates strong demand for industries such as agricultural equipment manufacturing. Kansas is also poised to become a leader in alternative energies, particularly solar and wind.

Kansas State Polytechnic is home to one of only 12 Federal Aviation Administration (FAA) research facilities in the country – is preparing its students for almost any job in the aviation and aeronautics industries with a robust set of programs that include: Unmanned aircraft systems (UAS) flight and operations.

Notable Demand Generators:

  • Schwan’s Global Supply Chain- Frozen Pizza Manufacturing (2,000 Employees)
  • Excide Technologies- Automotive Battery Manufacturer (800 Employees)
  • Phillips Lighting- Lighting Manufacturer (600 Employees)
  • Solomon Corporation (324 Employees)
  • Great Plains Manufacturing (258 Employees)
  • Eldorado National- Bus Manufacturer (255 Employees)
  • Crestwood, Inc (219 Employees)

Having just completed a $2.5 Million refresh, the Hampton Inn is sure to be a guest and investor favorite for years to come.

The Hampton can't be purchased individually but only as part of a portfolio with two other first class hotels in Salina, the adjacent Courtyard and the nearby new Hilton Garden Inn.   

 

 

Contact an Associate

Brent Jaynes, Managing Partner Brent Jaynes, Managing Partner
913-499-4731 (office)
Send an Email
James Korroch James Korroch
316-634-1819 (office)
316-304-6091 (mobile)
Send an Email

Hotel Description

Not offered individually but as part of a 3 property portfolio, which includes nearby new HGI and Courtyard by Marriott
• Opened August, 1998
• Located off interstate I-135 on the South side of Salina
• Complimentary breakfast- including waffles
• Digital room keys available
• On-site convenience store
• Heated indoor pool and fitness center
• Totally smoke free
• New photos have not been taken yet and the photos herein are the old finishes

• New 15-year flag
Completed $2.5 million full refresh, interior and exterior, and including new roof, completed June 2018
• Minimal anticipated PIP
• Strong performance and cash flow. Property maintained a relatively high level of performance in spite of limited access and scaffolding.
• 107% Trailing 12-Month RevPAR index (April, 2018) – while under renovation
• 4.0 out of 5.0 Trip Advisor rating
• Close to several shopping areas and Salina Municipal Airport