This 80 key Courtyard is being offered as part of a 2-property portfolio with the nearby Hilton Garden Inn and represents portfolio of select service premium brands in one location.  The price point is significantly less than replacement cost, even when the cost of the PIP is factored in.    Individual offers considered, but portfolio sale preferred.  Moreover, the Courtyard lags behind its competitors, which opens the door to upside after the renovation.

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.

Property Details

3020 Riffel Drive, Salina, KS 67401
Price Per Key
Property Type
Upper mid-scale select service 
Call or email for CA 

Hotel Description

  • 80 keys
  • Near the Hilton Garden Inn
  • Historically one of the market leaders
  • On-site Bistro Restaurant that serves breakfast and dinner
  • Offered well below replacement costs, and will still be well below replacement costs even with the cost of the PIP
  • Close to several shopping areas and Salina Municipal Airport
  • Offered as part of a 2-property portfolio, which includes the nearby newer Hilton Garden Inn. Individual offers considered, but portfolio sale preferred.

Find the executive summaries of the other two offerings by following the following links:

Contact a Broker

Brent Jaynes

13000 W 87th St. Pkwy, Suite 108
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771