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.

 

Property Details

Address
1108 US 56, Lyons, KS 67554
Price
$1,000,000 
Rooms
30 
Price Per Key
$33,333 
Property Type
Highway  
Revenue
Call for CA 
Website
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Hotel Description

  • 2 story
  • 30 units
  • Built 2008
  • Interior corridor
  • Elevator (unusual for a property this size)
  • Fully sprinklered
  • Keyless entry
  • Independent hotel – no franchise fees, no PIP
  • No pool/spa to maintain
  • Family two room suite
  • Stable top line revenue
  • Nearly $100K in cash flow before debt service (YE 2018)

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

8725 Rosehill Road, Suite 300
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771