Executive Summary
SOLD!!
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.
