In the central US, Hampton owners tend to retain Hampton Inns for a long term, so it is somewhat unusual for one to come to market.   In this case, this new Hampton is available and is located in one of the better business towns in the Midwest.   Enjoy the name recognition you will get with this premium franchise, as well as the attractive revenue and cash flow.   Priced 30% below today’s new construction costs, even after a modest “refresh” PIP is completed.

Executive Summary

This newer Hampton Inn was opened in late 2016, and has been a very nice revenue producer since opening.  It is located in the east side of McPherson, near most of the new development in town, and within walking distance to many restaurants and newer retail outlets, including a Walmart Supercenter.  McPherson College and Mcpherson Museum & Foundation are nearby.  Interstate I-135, is a quarter of a mile away, and is a heavily traveled central KS interstate, which connects I-70 at Salina to I-35 in Wichita.  Love’s has recently opened one of its larger travel plazas at the same I-135 interchange.

McPherson is a thriving town of 14,000 is located about half-way between Salina and Wichita and has a draw area of nearly 500,000 within 60 miles.  For its size, McPherson is one of the most diverse business towns in the country.   Due to its central location in the country, McPherson has become a leader in pharmaceuticals, plastics, energy, and equipment manufacturing.   McPherson County boasts several national & international companies, including the following:

  • Pfizer  (pharmaceuticals)
  • Johns Manville  (insulation)
  • Certainteed (insulation/plastics)
  • Columbia (windows/doors)
  • CHS (refinery)
  • Williams Energy (supplier)
  • Bradbury  (manufacturing)
  • Milacron (plastics)
  • Viega (plumbing systems)
  • Grasshopper (mowers)

For additional information on the business community in McPherson and the local area, please use the following links:

https://www.mcphersonindustry.com/

http://gomcpherson.com/

In addition to the thriving business climate, McPherson also features two 4-year colleges, McPherson College, and Central Christian College.  Hutchinson Junior College also has a satellite location in McPherson.  Finally, McPherson has been recognized nationally for its livability and business climate.  Here are a few examples:

  • “Best 50 Places to Live In America” USA Today
  • “Where Small Town American Is Thriving” Forbes
  • “Top 10 Affordable Small Towns Where You’d Actually Want to Live”  Realtor.com

Proof of funds and/or a lending reference required for a site visit

Property Details

Address
200 N. Centennial Dr., McPherson, KS 67460
Price
$7,500,000 
Rooms
73 
Price Per Key
102,373 
Property Type
Limited service - upper midscale 
Revenue
Call or email for CA 
Website

Hotel Description

  • Opened late 2016
  • Priced 30% below today’s new construction costs, even after a modest “refresh” PIP is completed.
  • Attractive revenue and cash flow
  • Manageable Refresh PIP anticipated 
  • 4 stories
  • Very popular kitchenette suites
  • Smoke free
  • Strong commercial location, near I-135
  • Rated #1 of 8 hotels in the market on TripAdvisor, ahead of newer a Fairfield Inn & Suites and a BW Plus, and a Holiday Inn Express
  • Fitness Center
  • Meeting Room

Proof of funds and/or a lending reference required for a site visit

Contact a Broker

Brent Jaynes

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