This is an attractive “pride of ownership” property with nice revenue and attractive curb appeal. It is rare to find a newer interior corridor property for less than $34K per key. No franchise fees to pay or obligations to worry about. It is a classic owner-operator or partner-operated opportunity. This one will not last.
Executive Summary
If you are looking for a newer, “pride of ownership property” that can be partner run or owner operated, you should consider this one. This 30 key interior corridor hotel does offer a nice income stream, no flag or franchise fees, and cash flow. Plus, it is difficult to find a newer interior corridor property anywhere priced at less than $34K per key. Although Lyons is a small market, it is close to Sterling College (8 miles), which is a 4 year private college that brings business to the area. In addition, there are several major employers in the vicinity such as
Oneok Hydrocarbon plant in Bushton, KS
Lyons Salt Company
Jacam Chemicals
Kansas Ethanol
All of these businesses contribute to the hospitality market.
The hotel is also located near the community center and arena, the Celebration Centre and Bar K Bar Arena, which attracts numerous local events. Plus, it is situated on busy US Hwy 56, which connects McPherson (I-135) to Great Bend.
