$100,000 PRICE REDUCTION!
If you are looking for an owner operated motel, please consider the Crossroads Inn in Osborne, Kansas. This very profitable 32- unit motel offers no flag or franchise fees, and over $100,000 in net income (2019 results). The current owner purchased the hotel in October 2016. 5 rooms have been totally renovated, with all new plumbing in the bathrooms. The remaining 27 rooms went through a deep cleaning prior to opening the hotel for business in 2017. All rooms have new digital PTAC units and flat screen TV’s. There is also a very nice, 2-bedroom living quarters on-site with a full kitchen and separate entrance. Owner will consider financing the sale with a solid down payment!
Although Osborne is a small market, there are several demand generators in the community, each of which contribute to the hospitality market:
- Osborne Industries – plastic fabrication company
- Star Seed – agricultural company
- Osborne County Memorial Hospital – recently completed a 40,000 sq. ft. expansion
- Parkview Care Center – senior assisted living residence
The hotel is located at the intersection of highways 281 and 24, just an hour northeast of Hays, KS (population of 20,500 located on I-70). The Crossroads Inn is a convenient stopover for truck route salespeople and construction crews. The area is also extremely popular with hunters in the winter months and advanced bookings this year are ahead of last year for Oct-Dec.
If you are looking for an owner operated independent property with strong cash flow, please call or email today!