Executive Summary
ANNOUNCING A $150,000 PRICE REDUCTION!!!!!
This newer, 44-unit Quality Inn, offers an interstate location on I-70 in Junction City, KS. This award winning hotel produces a high top line revenue resulting in superior cash flow and features many recent improvements, including new 32” HDTV’s throughout and a resealed and re-striped parking lot. At the asking price and the 2013 NOI, the cash-on-cash return could approach 25%. The property has been recognized as a Gold and Platinum Award Winner for the past 7 years, ranking in the Top 10% of the Quality Inn Brand. These distinctions certainly represent the superior quality of the facility and service. Based on the recent improvements, the PIP on this property should be minimal.
The hotel is located adjacent to Fort Riley, a massive military installation. The base trains nearly 63,000 troops & civilians annually in basic combat, engineering, chemical warfare and military police. The massive base covers 102,000 acres and the financial impact on the region is estimated to be nearly $2,000,000,000.
In addition to the interstate location the Quality Inn is near many of the areas demand generators, including Kansas State University, Irwin Army Community Hospital, ConAgra and Foot Locker Distribution Center. The hotel is also across from the Geary County Convention Center (16,000 square feet of meeting space).
If you are looking for a well maintained hotel in an active market with superior cash flow and a cash-on-cash return approaching 25%, this I-70 property deserves your attention. It is priced based on cash flow and it supports every penny.
