$150,000 PRICE REDUCTION!! 

NEW INFORMATION:  This regional market is in recovery mode and the Comfort Inn is leading the way.  The 2019 revenue is up over $110K YTD.  Plus, the updated numbers show extremely attractive cash flow of over $4ooK.    This one deserves another look.

 

Executive Summary

$150,000 PRICE REDUCTION!!  2019 up over $100K & T-12 Net Income of $400K+!!

This Comfort Inn represents all the attributes of a superior hotel investment…that is, high revenue, strong net income, a highway location and a solid market with multiple demand generators. Garden City is in southwest Kansas and has a population of over 27,000.  The hotel is situated off the junction of Highway 83 and 156.

Garden City demand generators include Garden City Community College, Lee Richardson Zoo, Buffalo Dunes Golf Course, the Hot Air Balloon Classic and Beef Empire Days.  Construction is set to begin on the Sports of the World Complex, a $31 million-dollar project which will include a 160,000 sq. ft. multi-sport facility.   Major businesses such as Tyson Meat Packaging, St. Catherine Hospital, Bonanza Bioenergy Ethanol and Sunflower Electric also contribute to the hospitality demand.

This 62 room, 3-story hotel with an elevator has received many upgrades, including The Truly Yours room package.  Guests enjoy amenities such as an indoor pool and hot tub, fitness room, guest laundry and flat screen TV’s.  The hotel also has an “Excellent” rating from guests on the Choice Hotels web site.

The Comfort Inn Garden City provides high room revenue, cash flow and a strong hospitality market.  For these reasons it would be worth making a trip out to southwest Kansas.

 

Property Details

Address
2608 East Kansas Ave., Garden City, KS 67846
Price
$3,600,000 
Rooms
62 
Price Per Key
$58,065 
Property Type
Limited Service 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • $150,000 PRICE REDUCTION!!
  • 3 Floors w/Elevator
  • Increasing cash flow
  • 2002 Build
  • “Excellent” rating from guests on the Choice web site
  • Executive and whirlpool suites
  • Flat Screen TV’s
  • Newer lobby soft seating (2015)
  • The Truly Yours package in guestrooms
  • Guest laundry
  • Granite vanities
  • Fitness center
  • Indoor pool and hot tub

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

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

Dave Jones

KS
Phone: 913-499-4725