BACK ON THE MARKET WITH INCREASED CASH FLOW – NO COVID IMPACT and a 32% cash-on-cash (equity) return!! If you are looking for a property to operate and not hassle with a lot of 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
SOLD!!
BACK ON THE MARKET – CASH FLOW IS UP – NO COVID IMPACT!! If you are looking for a cash flow property with very few capital improvements required, please consider the Rock Creek Hotel. The property features some very nice finishes, and also offers enough units where an owner’s quarters could be added. Located near the intersection of busy Highways 36 & 75, one hour north of Topeka, and one hour south of Omaha, this newly renovated property shows well in all aspects. The 2017 improvements to this 41 key hotel are many and are described the HotelDescription section of this page. In addition to the hotel offering, the site also includes 21 RV pads, producing additional revenue. Furthermore, 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 in occupancy for someone skilled at marketing and business development.
