PRICE REDUCED $225K – Holiday Inn Express properties in the central US generally produce very attractive revenue, and this one is no exception.

Executive Summary

225K PRICE REDUCTION… The Holiday Inn Express brand is one of those brands that has been very attractive to investors.  This one features the “suites” prototype, and it produces a surprising revenue, in view of the smaller market.  The hotel has experienced very attractive year-to-year increases over the last 3 years, in spite of the economy.  Built in 2005, the hotel features the latest Express prototype and was it probably “overbuilt” as a pride of ownership property.  New carpet was installed last year.

It is located on a heavily traveled four lane highway, US Hwy 81, which connects 3 major interstates, I-35, I-70, & I-80.   A community college is nearby and the hotel is across the highway from a newer Super Walmart.  You will be impressed with this hotel and the revenue it produces.  Please call for CA.

Property Details

Address
2175 Lincoln St., Concordia, KS
Price
$4,875,000 
Rooms
61 
Price Per Key
$79,918 
Property Type
Limited Service - upper mid market 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • Studio Suites, some with wet areas
  • Suites with spa tubs
  • New carpet throughout
  • 37″ flat screen HD TVs
  • Business Center
  • Indoor heated pool & spa
  • Fitness center
  • HSIA (wireless)
  • Meeting space (700 sq. ft.)
  • Assorted microwaves and mini-fridges
  • Three floors, interior corridor

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

8725 Rosehill Road, Suite 300
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771