Best Western El Quartelejo Inn & Suites, Scott City, KS
If you don’t want the burden of an ownership transfer PIP, then take a look………….this offering features a recent major renovation, plus very attractive top-line revenue and great guest reviews. And, all at less than 3X room revenue. See the summary below for a few of the many improvements. A complete list of improvements will be provided upon request.
This recently renovated 50 key Best Western El-Quartelejo Inn & Suites features all of the attributes of a great investment, and one that will require little to no initial capital improvement. The ownership group built this hotel out of civic duty, to have a nice hotel in town. And as a result, it is a pride of ownership property that exhibits a very attractive “sense of arrival”. The property recently underwent a $550K PIP, which means that the hotel will require minimal PIP capex for the next 5 – 7 years. The guest room and hall finishes are high end, and provide a definite sense of quality. The new owner of this hotel will be able to step into great revenue stream from day one. The hotel is a perennial TripAdvisor Certificate of Excellence recipient, including 2019.
The Inn & Suites is located in the vibrant W. Kansas market of Scott City, where it produces a high top line revenue. The location is on Hwy 83, within the southern section of town near the newer developments, including the new Scott County Hospital. Nearby attractions include El Quartelejo Pueblo Ruins, Monument Rock Chalk Pyramids, Lake Scott State Park and the recently opened Little Jerusalem Badlands State Park.
In many of our assignments, the reason for selling is quite often a major PIP………….that is, owners don’t wish to do it. This offering is unusual and one where the PIP has already been completed and the buyer will benefit from the seller’s effort.