This independent hotel will surprise you, both in quality and cash flow.   At the asking price and T-12 month cash flow, the cash on cash return approaches 30% (with a basic 20% down SBA loan).  In previous years, cash on cash yield approached 50% and is heading in that direction again.   If you choose to tour this facility, you will be pleasantly surprised.

Executive Summary

If you are looking for a stable revenue history with minimal affect from Covid and ample cash flow, this independent hotel might be the one.  The owner has developed a relationship with the major local employer which has provided consistent historical revenue and cash flow.    The hotel is very well maintained and achieves similar online reviews as the local upper mid-market franchised hotels.   Being an independent, there are no franchise fees, application fees or PIP requirements.    The property features newer rooms, new siding, and new windows in the rooms.  The offering includes a 3,000 sq. ft. restaurant building, which is open only to the guests.

Coffeyville is a mid sized town of approximately 9,000 located at the junction of Hwys 69 and 166 in southeastern KS.  The market area (Montgomery County) is about 32,000.   Hwy 69 carries traffic from KC to Tulsa, and 166 is the major thoroughfare traversing the most southern tier of Kansas.    The town is also just north of the Oklahoma line, where numerous casinos are located, including the Cherokee Casino in South Coffeyville.  Coffeyville has historically been a strong hospitality town and boasts a number of significant employers, including Coffeyville Resources (refining and Nitrogen), Textron Aviation, and Spears Manufacturing (all over 500 employees).  Others are John Deere Coffeyville, ACME Foundry, Coffeyville Regional Medical and Standard Motor Products.   Coffeyville Community College is also located in Coffeyville.     There are also several historical related sites in Coffeyville, including the Dalton Museum, the Aviation Heritage Museum and the Brown Mansion.

If you are interesting in a hands on, owner-operator experience with significant historical cash flow, please investigate further.

Property Details

Address
820 E. 11th St, Coffeyville, KS 67337
Price
$2,400,000 
Rooms
63 
Price Per Key
$38,095 
Property Type
Limited Service - independent 
Revenue
Call or email for CA 
Website
 

Hotel Description

  • 63 keys
  • Built 1984
  • Interior corridor
  • Sprinklered throughout
  • Newer rooms, including carpet, paint, case goods, vanities, and surrounds
  • Consistent, guaranteed corporate income
  • Vaulted pool area with water fall, indoor pool and spa
  • No continental breakfast
  • New exterior siding
  • New windows
  • Includes 3000′ restaurant building – built 1973

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

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