Courtyard by Marriott - Salina, KS

NEW PRICE. Built in 2005 and located on I-135, this Courtyard has been one of the premier performers in the region. It offers very attractive income, together with superior cash flow. In spite of the nearby HGI opening last fall (2017), the revenue is actually up 10% for the first two quarters of 2018. The hotel rates high on TripAdvisor and scores in the upper 10% of Courtyards. It is being offered individually or with a portfolio of two other Salina hotels, the adjacent Hampton Inn, and the new nearby Hilton Garden Inn.

Property Details

Address 3020 Riffel Drive, Salina KS 67401 (view map)
Price 9,600,000
Rooms 80
Price Per Key 120,000
Property Type Mid Scale Select Service with F & B
Revenue Call or email for Confidentiality Agreement

Executive Summary

Since 2005, this Marriott Courtyard has been a consistent leader in the Salina hotel Market. This is a great  opportunity a hotel that is a market leader below replacement cost. This hotel offers an ideal location just off Highway I-135, a major north-south thoroughfare connecting Wichita ( and I-35 to I-70 and then north to I-80. As a result of these interstates, Salina serves 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.

The Bistro is the food and beverage destination for refreshing breakfast choices in the morning, and a variety of dinner, beer and wine options in the evening. The Bistro also offers specialty beverages made with Starbucks® coffee to help you get a jump on the day. Or, enjoy a local craft beer in the evening. The hotel also features a business center, fitness center and an indoor heated pool along with a 24 hour snack and sundry Market.

This beautiful hotel can be purchased individually or as a portfolio with two other first class hotels in Salina.

 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)

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

  • Opened December, 2005
  • Located off interstate I-135 on the South side of Salina
  • Strong performance and cash flow.
  • Revenue up 10%, 1st quarter 2018 in spite of new HGI
  • Scored 97.4% on Marriott Latest Inspection
  • 1 of 6 in RevPAR index FY2017
  • 145.9 Trailing 12 Month RevPAR index- (March, 2018)
  • 4.7 out of 5.0 Marriott verified reviews.
  • 4.5 out of 5.0 Trip Advisor rating.
  • Onsite Bistro Restaurant. Serving Breakfast and Dinner
  • 24 hour Market, Totally Smoke free 
  • Close to several shopping areas and Salina Municipal Airport
  • Beautiful courtyard featuring a gas fire pit and plenty of room to socialize.
  • 2,200 sq. ft. of meeting room space with state of the art audio/visual equipment.
  • Heated indoor pool and fitness center
  • Offered below replacement costs
  • Owner has order the ownership transfer PIP