BACK ON THE MARKET – MINIMAL COVID IMPACT and a 27% 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

BACK ON THE MARKET – MINIMAL 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 Hotel Description 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.

Property Details

Address
1423 S. Old Highway 75, Sabetha, KS 66532
Price
$890,000 
Rooms
41 
Price Per Key
$21,707 
Property Type
Limited Service - Highway 
Revenue
Call for CA 
Website
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Hotel Description

  • 27% cash on cash (equity) return at the asking price (based on 2019 results)
  • Stable revenue in 2020….little impact from Covid
  • 41 keys….ideal for onsite manager or operating partner
  • Room to add a living quarters
  • 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 case-goods and guest room appliances
    • Newer flat screen HD TVs
    • New paint and trim
    • New mirrors
    • Remodeled lobby
    • 50% new PTAC units
  • 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