This Comfort Suites produces an attractive top-line revenue with cash flow, but still is offered well below replacement costs. Located in one of the best growth markets in Kansas, Manhattan represents numerous demand generators that attract significant numbers of visitors to the area. With outstanding curb appeal and minutes from Kansas State University, this hotel represents an superior investment opportunity.

Executive Summary

The beautiful Comfort Suites is perfectly located near the Manhattan conference center, downtown Manhattan Town Center Mall and Kansas State University.  Manhattan is the principal city of the Manhattan Metro Area with an estimated population of 98,000.  It is also the principal city of the Manhattan-Junction City, Kansas Combined Statistical Area with an estimated population of 135,000, making it the fourth largest urban area in Kansas.  Kansas State University is minutes away with an enrollment of nearly 30,000 students.  Forbes has rated Manhattan one of the “Best Small Places for Young Entrepreneurs” six years in a row. The Princeton Review rated KSU among the top 20 universities in over 10 categories of ratings and the American Institute for Economic Research rated Manhattan as one of the Top 10 college towns in America.

As one would expect, the universtiy is a major demand generator for the area.  However, Manhattan also features a great mix of business, science/research, health care and military demand.

Fort Riley is a large military installation only 15 miles from Manhattan and is another contributor of business, both directly and in association with all of the businesses supporting the base, which has an economic impact of over $2.2 billion annually to the region.

One of the largest developments to occur in Kansas is the Department of Homeland Security’s selection of Manhattan (Kansas State University) as home for the National Bio & Agro-Defense Facility (NBAF), located near the KSU Biosecurity Research Institute. This $1.2 billion dollar, 700,000 sqft facility is currently under construction and will bring a significant impact to the area, including high paying technical jobs and the possibility of attracting a number of support businesses to the area.

This property produces enough revenue and net income to be purchased as a passive investment or by an operator expanding its portfolio.

Either way, you will find a property that generates attractive revenue, amazing curb appeal and great reviews.  When you visit, we are certain you will be pleasantly surprised.

Property Details

Address
1020 Hostetler Drive, Manhattan, KS 66502
Price
$5,200,000 
Rooms
80 
Price Per Key
$65,000 
Property Type
Upper Midscale 
Revenue
Call for CA 
Website
 

Hotel Description

  • Located near the redevelopment district, downtown Manhattan and Kansas State University
  • Great high traffic location, with easy access to entire metro area and attractions
  • Newer hotel, offered signfiicantly below replacement costs
  • Attractive net operating income
  • Excellent curb appeal
  • Built in 2009
  • Ample parking, all concrete
  • Recently renovated lobby and corridor carpets Truly Yours specifications
  • All units king or double queen suites (with sitting areas)
  • 3 floors
  • Rates 4.5 on Trip Advisor and the Choice hotel site
  • 100% non smoking
  • Business and Fitness Center
  • Indoor Pool and Spa

Contact a Broker

David Hasvold Headshot

David Hasvold

KS
Phone: 605-940-9959
Brent Jaynes Headshot

Brent Jaynes

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