Super 8 Beloit - Beloit, KS

$105,000 PRICE REDUCTION!! This original developer/owner Super 8 is located in north central Kansas. Many recent improvements, strong cash flow and a very reasonable PIP make this a great fit for an owner/operator. At the asking price the Cap Rate is a strong 10.7%. Call today for details!

Property Details

Address 3018 US 24 HWY, Beloit KS 67420 (view map)
Price $1,995,000
Rooms 58
Price Per Key $34,397
Property Type Limited Service
Revenue Call or Email for CA

Executive Summary

$105,000 PRICE REDUCTION!!  Cap Rate of 10.7% at the list price!!  Offered less than $35k/Key!!

This original developer/owner Super 8 is located in Beloit, KS, a small town in north central Kansas.  The hotel is a 2017 recipient of Trip Advisor's Certificate of Excellence Award and is a Pride of Super 8 Award Winner.  Area demand generators include Sunflower Manufacturing, North Central Kansas Technical College, recently named one of the Top 10 community colleges in the country, along with Mitchell County Hospital.  Waconda Lake is also nearby, which is a very popular boating and fishing area (9 fishing tournaments per year).  The area is very popular with hunters in the late fall and winter and the hotel offers a bird cleaning room.  Beloit is also the county seat of Mitchell County, providing steady government business.

The hotel has a total of 58 rooms, including a variety of suites.  It is offered at less than $35,000 per room, well below replacement value.  The hotel also features an elevator, which is quite unusual to see in a small town property.  Guest amenities include flat screen TV's, granite vanities, microwaves and mini fridges in all guestrooms, guest laundry and a meeting room.  There is also ample RV and truck parking.

We have listed a number of Super 8's, but this one features all the attributes of an attractive investment.  That is, strong cash flow, a strong business model and an active community.  Please call or email for a CA.

 

 

 

 

 

Contact an Associate

Dave Jones, Principal Dave Jones, Principal
913-499-4725 (office)
Send an Email

Hotel Description

  • Intersection of HWY 24 & 14 in north central KS
  • Less than $35k/Key - - well below replacement cost
  • Pride of Super 8 Award Winner
  • 2017 TripAdvisor Certificate of Excellence
  • Elevator w/2 stories
  • NEW Roof, Gutters and Window Screens - 2015
  • Flat Screen TV's
  • Granite Vanities
  • Whirpool Suites
  • Microwaves and mini refrigerators in all guestrooms
  • Guest Laundry
  • Meeting Room
  • Bird Cleaning Room for hunters
  • RV and Truck Parking