Best Western - Emporia, Kansas

Executive Summary

The Best Western “Hospitality House” in Emporia, population approximately 30,000, has been a family run business for many years and reflects a “pride of ownership” normally exhibited in newer hotels.   Many new improvements include newer roof, carpet throughout, case goods, beds, recliners and textured wall finishes.  Unlike many limited service hotels, the Hospitality House offers full service amenities that differentiate it from its competitive set, namely, meeting rooms, an indoor heated pool, and restaurant. 

The owner recently leased out the restaurant and the tenant pays utilities plus $2200/month in rent.

This property was part of a larger Best Western (150 units) that was separated into 2 hotels and individually flagged as the Rodeway Inn and a smaller Best Western .  The Rodeway Inn has been sold.

The BW has experienced a change in revenue over the past 18 months due to the massive reconstruction of the I-35/ KS Turnpike interchange, including periodic ramp closure and detours. Of course, the recessionary economy has also played a significant role in the revenue.  Even at the reduced revenue level, the hotel still produces nearly 12K/ key in room revenue.

This property could be an ideal cash flowing investment for a “hands-on” owner/operator recognizing the potential for increased revenues resulting from the newly improved interchange and a recovery economy.

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