The ABVI in Iola, KS, has a history of consistent revenue, profitability and pride of ownership. This 58-room property offers guests a variety of room types, including suites and oversized rooms. The owners of the property have made many recent improvements, including new carpet, paint, lamp package, bed frames and electronic locks in all guestrooms. 30 guestrooms have also received new case goods, including headboards. All rooms include a 40” LCD TV, microwave and mini fridge. The hotel has a very nice 2-bedroom living quarters, complete with a full kitchen and large living room.
There is also a separate building on-site that houses a local restaurant, which was recently remodeled by a former tenant. The restaurant recently closed due to staffing. This can provide a buyer with an additional revenue source.
Iola, with a population of 5500, is located just 1.5 hours from Kansas City and Wichita. It is the county seat of Allen County (population 12,500) and features a strong business climate with several companies. Notable demand generators include:
- Russell Stover Candies
- Gates Corporation (rubber manufacturing)
- Columbia Metal Products (storm doors & windows)
- TRAMEC, LLC
- Monarch & Ash Grove Cement
- National Guard
- Allen County Community College
This ABVI features all the attributes of an attractive investment. That is, historical revenue, solid cash flow, a strong business model and an active business town. Please call or email for a CA.