Executive Summary
This 31 unit Quality Inn produces attractive revenue. It features a large 2nd floor office that could be converted back into a suite. It is unusual to find an indoor pool in a hotel this size, which also makes it attractive to sport teams and youth organizations (new heater installed late 2021). It is one of the closer hotels to Fort Hays State University.
Hays has become a hub for business in west central KS and is known as a very good hospitality town. It features demand generates that include Fort Hay State University, Sternberg Museum of Natural History, Hays Medical Center, Hays Regional Airport, Bickle Schmidt Sports Complex, and I -70. There are approximately 21,000 residents in Hays with a county population of about 30,000. Fort Hays State University is a 4-year state university and features over 15,100 enrollees. The university is a major business driver in the area, with sports, student events, parent events and all of the businesses that support the university and students.
As one would expect, Interstate 70 is also a significant demand generator for the hospitality and restaurant sectors. Located half-way between Kansas City and Denver, Hays is a natural stopping point for the transient traveler.
Finally, Ellis County is known for its energy production and is one of the leaders in Kansas oil & gas production. Ellis County has one of the highest “pull factors” in the state of Kansas, which means that there is a considerably greater amount of business coming to the county than there is leaving to do business elsewhere.
