|Address||1985 S. Range Ave., Colby KS 67701 (view map)|
|Price Per Key||$35,870|
|Property Type||Limited Service|
|Revenue||Call or Email for CA|
$150,000 PRICE REDUCTION!! Owner motivated to sell!
This Motel 6 is located off I-70 in Colby, KS. Colby is located 53 miles east of the Colorado border and the hotel enjoys a significant amount of transient traffic. This 46-key, 2-story, interior corridor hotel produces top line revenue resulting in superior cash flow. It was completely remodeled in 2015 and boasts the latest Motel 6 brand design.
Colby is somewhat of a well-kept secret. The area benefits from the strong agribusiness and energy sectors. Energy plays a role, but not to the extent that it used to. Unlike many oil producing sections of the country, western Kansas has not been decimated by the drop in oil prices. It has a more diversified economy with wind energy and oil exploration parts of a larger economy.
Colby features several demand generators, including Colby Community College, Citizens Medical Center, Cooper Barn and regional hunting and fishing. Colby is also a major I-70 stop-over point between Denver and Kansas City.
Given the strong interstate location, existing demand generators and increasing revenue, we believe that this offering will attract attention.
• Keyless entry
• 100% Non-Smoking
• NEW Lobby & Front Desk
• NEW carpet and textured walls – common areas
• NEW flooring, beds, bedding & textured walls – all guestrooms
• Flat Screen TV’s
• Granite Vanities
• Microwave & mini fridge in all guestrooms
• King Suites
• Guest Laundry