$100,000 Price Reduction!  This 32-unit independent is a very nice opportunity for a first-time buyer /owner operator.  The property is very profitable with net income of over $100,000 (based on 2019 revenue of $300K).   Several construction and development projects scheduled for 2021 and the upcoming hunting season (Oct-Dec) has bookings ahead of 2019.  There is also a very large, 2-bedroom living quarters on-site with a full kitchen.  Owner Financing a possibility for a qualified candidate!  

Executive Summary

$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!

Property Details

Address
933 N 1st St, Osborne, KS 67473
Price
$650,000 
Rooms
32 
Price Per Key
$20,312 
Property Type
Limited Service 
Revenue
$305,000 - - 2019 Year-End 
Website
 

Hotel Description

  • $100,000 Price Reduction!  Offered at just $20,300/room!
  • Owner financing a possibility for a qualified candidate!
  • $100K+ in cash flow before debt service (2019 P&L)
  • Located at the intersection of Highways 281 & 24
  • NEW 83 Solar panel system on roof (2019) – greatly reduces electrical cost
  • NEW digital PTAC units
  • Flat screen TV’s
  • 5 rooms totally renovated
  • NEW mini fridge in all guestrooms
  • Independent hotel – no franchise fees, no PIP
  • 2-bedroom living quarters w/full kitchen

Contact a Broker

Dave Jones

KS
Phone: 913-499-4725