| Location | 501 E. Poyntz Manhattan, Kansas |
| Price | $5,990,000 |
| Rooms | 72 |
| Price Per Key | $83,194 |
| Property Type | Limited service |
| Revenue | Call or email for CA |
Contact Listing Broker for More Details
This Hampton Inn offers high cash flow, recent room renovations and a recently completed "Perfect Mix" lobby renovation, at a cost of $145K. It is not required by Hilton until late 2012. There are very few Hampton Inns that have completed this required renovation.
Manhattan, KS is known for Kansas State University, featuring over 25,000 graduate students, undergrads and faculty. The university is a major demand generator for the area. However, Manhattan also features a great mix of business, university and military demand.
Fort Riley is a large military installation only 15 miles from Manhattan It boasts an annual economic impact of over $600 million annually to the local economy. In addtion, after an extensive competition with several other sites nationally, the Department of Homeland Security selected Manhattan as home for the National Bio & Agro-Defense Facility (NBAF). This 650 million dollar, 500,000 sq. ft facility has broken ground and will bring a signficant impact to the area, including construction jobs, high paying technical jobs and the possiblity of attacting a number of support businesses to the area.
If you are looking for a top brand in a market with great cash flow, you should take a look at this offering. (Note: the lobby photos are of the old lobby.....new photos will be posted soon.) Call or email for a CA
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Brent A. Jaynes 913-499-4731 bjaynes@leisurerealestate.com |