If you are looking for a property to simple operate and not hassle with renovation, this could be the one.  This independent hotel is ready to run and without major capital expense.    Plus, there are no franchise fees to pay or a PIP to deal with, but could be flagged if one wished to do so.   It is ideal for an owner operator, or an onsite local partner.  Review the improvements shown below and then the price per key, and you will understand the appeal of this offering.  Besides those features, it is a very efficient property and produces cash flow for its absentee owners.

Executive Summary

If you are looking for a cash flow property with very little capital improvements required, the Rock Creek Hotel might be the one.   The term “pride of ownership” property is often used, but many times not fulfilled.  You will not be disappointed with that description here.  Located near the intersection of  busy Highways 36 & 75,  one hour north of Topeka, this newly renovated property shows well in all aspects.   The 2017 improvements to this 41 key hotel are many and are described the Hotel Description section of this page.  In addition to the hotel offering, the site also includes 21 RV pads, producing additional revenue.  if you think it can’t get any better, then consider that the offering price is less than $24,000 per key, for a renovated interior corridor property.   Although Sabetha is a smaller market, it does boast a number of companies with national and international distribution:

  • Bachelor Controls
  • C.W Mill Equipment
  • Extru-Tech, Inc.
  • MAC Process, Inc.
  • Wenger Mfg., Inc. (world HQ)

Finally, the Main Event Community Center is nearby for meetings and functions and the Sac & Fox Casino is only 20 minutes south on 75 Hwy.  There is cash flow here too, but also upside to the property in occupancy for someone skilled at marketing and business development.

Property Details

Address
1423 S. Old Highway 75, Sabetha, KS 66532
Price
$990,000 
Rooms
41 
Price Per Key
$24,146 
Property Type
Limited Service - Highway 
Revenue
Call for CA 
Website
h  

Hotel Description

  • 41 keys….ideal for onsite manager or operating partner
  • Rates 4 Stars or better on most travel sites
  • 2 story interior corridor
  • Many newer improvements (2017):
    • Newer front and side exterior siding with attractive and decorative wood and stone accents
    • Newer replacement windows
    • Newer roof 
    • Newer exterior lighting
    • Newer exterior lighting
    • Newer interior lighting
    • Newer casegoods and guest room appliances
    • Newer flat screen HD TVs
    • New paint and trim
    • New mirrors
    • Remodeled lobby
    • 50% new PTAC units
    • Direct TV – HD service
  • 2 King suites with kitchenettes
  • No pool to maintain
  • Microwaves & Minifridges
  • Whirlpool tubs
  • 21 RV pads with WiFi included and dual power, water and sewer hookups

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

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