Executive Summary
This 87 key Holiday Inn Express & Suites will be delivered with the re-licensing Formula Blue PIP competed, at the tune of over $2.5M invested. This hotel has been the premier hotel in the market since it was built. In about every case in the region, Holiday Inn Express hotels that have undergone the Formula Blue PIP see growth in occupancy and ADR, some with significant growth. Holiday Inn Express hotels in Great Bend and Dodge City (the two closest markets) boast Revpars from $90 – $100.
Pratt is located in south central Kansas, just over a one-hour drive from the western portion of Wichita, and from the Dwight D. Eisenhower National Airport. Pratt has become a local hub for business and medical services in the area and has a county population of nearly 10,000. It is located at the junctions of Hwy 400 (also 54), which is the major east west route through southern Kansas, and Hwy 281, which stretches north-south from Texas to Canada. Hwy 61 also converges on Pratt. Pratt also features Pratt Community College which is only a few hundred yards from the Flag Point. Nearly 2,000 students attend the community college. Pratt is also home to the annual Miss Kansas pageant, Pratt Regional Medical Center, and to the State HQ of the Kansas Wildlife, Parks and Tourism office.
The hotel is only blocks from the contemplated expansion location of the Hwy 400 (54) bypass when it is eventually built. There is also a pad site that fronts Hwy 61, that is part of the offering.
Photo Gallery contains pre-renovation pictures (common areas). Pictures of the rooms are post-renovation.
Proof of funds or other evidence of ability to perform require prior to a site visit.
