2ND MAJOR PRICE REDUCTION – OWNERS ARE READY TO SELL – Now offered at $460K AND SELLER WILL DISCOUNT FOR ALL CASH-NO DEBT DEAL
With 27 keys, this offering is ideal for an owner operator or family operation. Offered $17K per key, the new price represents 50% less than the original cost of nearly $1M. If the small market lifestyle (where you can have a direct impact on the area) is interesting to you, so should consider this offering.
Revenue for the past 3 months has stabilized to pre-Covid (2019) levels.
NEW PRICE – SECOND PRICE REDUCTION
SELLER WILL DISCOUNT FOR ALL CASH-NO DEBT DEAL
With 27 keys, this hotel is ideal for an owner operator or onsite partner. It is unusual to find interior corridor hotels offered for sale at $17K per key, especially if it was built in 2004. Original cost was nearly $1 Million. The hotel features king and queen beds, keyless entry, whirlpool suites, flatscreen TVs, and a suite with a living area and separate sleeping room. Herington, Ks, located at the junction of Hwys 4, 56 and 77 in central KS, is a rural community of about 2600, located 30 minutes south of Junction City (Fort Riley) and I-70. Salina, KS (pop. 60,000) is a 1 hour drive to the northwest and Manhattan KS (KS State University) is 45 minutes northeast. (Herington is a hub for the Union Pacific Railroad Corporation and several other key employers, such as the Herington Hospital). The Herington Inn was built by a number of local civic minded investors, none of which has hotel experience, in order to provide the community with a nice lodging facility.