Executive Summary
Since 2005, this Courtyard by Marriot has been a consistent leader in the Salina hotel Market. This is an opportunity to purchase one of this market’s higher performing hotels, at cost well below replacement, even with the cost of PIP included. It is being brought market as a portfolio, together with 2 other nearby premium brands. This hotel offers an ideal location just off I-135, a major north-south interstate that connects the center of Kansas to I-35 (with I-70), and north to I-80. As a result of the intersection of these interstates, Salina serves as the industrial, medical, retail, trade and service hub for north central Kansas. The hotel has easy access to many shops and restaurants as well as the Salina Municipal Airport providing service to Denver International Airport. Wichita, Kansas and Kansas City are 95 and 175 miles away, respectively.
The City of Salina is located in north central Kansas, near the geographic center of the contiguous United States. It is the seventh largest city in Kansas with an estimated population of 50,000. The city is the county seat for Saline County, which has an estimated population of 55,000. The junction of Interstates 70 and 135 on the NW section of Salina are significant factors in transient and business traffic.
Salina enjoys a diverse economy that includes several manufacturing interests both large and small, a strong agricultural economy that supplies local food processors and beverage makers and creates strong demand for industries such as agricultural equipment manufacturing. Kansas is also poised to become a leader in alternative energies, particularly solar and wind.
The Kansas State Aerospace and Technology campus is home to one of only 12 Federal Aviation Administration (FAA) research facilities in the country – is preparing its students for almost any job in the aviation and aeronautics industries with a robust set of programs that include: Unmanned aircraft systems (UAS) flight and operations. Kansas Wesleyan University is another 4 year private university in Salina.
Notable Demand Generators:
- Schwan’s Global Supply Chain- Frozen Pizza Manufacturing (Tony’s Pizza)
- Excide Technologies- Automotive Battery Manufacturer
- Phillips Lighting- Lighting Manufacturer
- Solomon Corporation
- Great Plains Manufacturing
- Eldorado National- Bus Manufacturer
- Crestwood, Inc
- Tony’s Pizza Events Center (a newly renovated 6,500 seat multipurpose arena and 18,000 sq.ft. convention center)
This perennial performer is being offered as part of 2-property portfolio with another premium branded hotel in Salina, the nearby newere Hilton Garden Inn. Individual offers on the properties will be considered, but preference will be given to a portfolio sale.
