|Address||1601 Super Plaza , Hutchinson KS (view map)|
|Price Per Key||50,725|
|Property Type||Limited service|
|Revenue||Call for CA|
The franchise agreement on this Express will expire May 31, 2013.
Therefore, this offering represents a re-flag opportunity in a strong
market. The Best Western system is available as well as a number of
other flags. Given the market strength, a new owner may want to consider
an independent banner. The hotel has be one of the top revenue
performers in Kansas and is currently listed a 2X annual room revenue.
The ownership group has spent $400K in improvements in the past 3 years,
including new TV cabinets & LCD TV’s (2011), new carpet throughout
(2009), new soft seating (2010), new mattress sets (2010), new thermal
window panes & screens (2009) and a new roof
(2012), Surrounded by companies like Dillon’s Stores Corporate
Office, Tyson and Cargill Salt, the hotel benefits from those corporate
demand generators as well as attractions such as the Kansas Cosmosphere,
the Kansas State Fair, the Kansas Salt Museum, and the National Junior
College Association national basketball tournament.
The property shows well and could be operated as an independent, although
there are many choices for a flag.