September 23, 2013 8:20 am
Leisure Real Estate Advisors, LLC announces it has been retained as exclusive marketing agent for a 54 key Comfort Inn located in the heart of Dodge City, KS
“Comfort Inn is a very attractive flag for mid-market investors and Dodge City is an active hospitality market,” says Brent A. Jaynes, managing partner of Leisure Real Estate Advisors. “Both of these factors will contribute to the marketability of this property. Having said that, however, the attractive cash flow will be the driving motivator for the eventual sale of the hotel,” he adds.
This Comfort Inn features a very nice curb appeal and is located in the heart of historic Dodge City on the main thoroughfare, Wyatt Earp Boulevard. The hotel is only minutes away from historic city center, where the Boot Hill Museum is located. The new Boot Hill Casino and the new United Wireless Arena are both located minutes to the west. In addition to the many foregoing venues, the energy businesses of wind & oil are also major contributors to the hospitality business. The agribusiness sector has also been very strong with increases in demand for commodities and farm ground. Land prices in Kansas have experienced significant increases over the past 5 years. The support services surrounding these activities continue to fuel business travel in Dodge City. Cargill and National Beef employ nearly 6000 folks in their two local beef processing plants.
This Comfort Inn offers an attractive top line revenue and a superior net income. It is a classic size property for an on-site owner-operator or regional operator. The local market and the hotel lend themselves to a very nice hotel investment. “Jacob Quinn, co-listing agent out of the Kansas City office comments further, “The investment market has changed dramatically over the past twelve months. Cash flow has replaced distress assets as the preferred vehicle for investment and the Comfort Inn satisfies that need nicely.“
Leisure Real Estate Advisors, LLC is based in metro Kansas City, with branch offices in Lincoln, NE and Jefferson City, MO, and has a specialty concentration in the marketing and sale of hotels. Over its 15 year existence, the company has become one of the premier hotel brokerage firms in the country and boasts collective closing volume of over 1 billion dollars.
For more information on this investment opportunity or to discuss the investment market in general, please direct your questions to:
Brent A. Jaynes
Managing Partner
Leisure Real Estate Advisors
Email
913-894-5252
Jacob Quinn
Hospitality Investment Advisor
Leisure Real Estate Advisors
Email
913-220-2667