NEW PORTFOLIO PRICE is $2,075,000.  Combined net operating income (both hotels) is nearly $280,000 (YE 2021).

Individually, the Rock Port Inn is a 36 unit independent hotel being offered along with the nearby Super 8, as a portfolio.  It is the economy alternative to the Super 8, and the combined revenues and cash flow (over $730K in combined revenue) are sufficient to have one manager operate both hotels.   The Rock Port Inn is strictly limited service with seasonal hours, no breakfast and a very efficient operation.  The two hotels are only minutes apart and both have I-29 exposure.

 

Executive Summary

Price Reduction!!  The Rock Port Inn is the budget alternative within the Rock Port hotel portfolio offering (together with the Super 8 Rock Port).  This budget operation produces a reasonable income and is complementary to the Super 8 operation.  Being an independent, there are no franchise fees, or PIP, and it can be operated from the Super 8.  It is located directly across the I-29 interchange from the Super 8 and the two are less than a minute apart.    It is strictly limited service with no breakfast service, and no fitness center, elevator or pool to maintain.

With 36 units, and when combined with the Super 8, the combined room count increases to 75 units, and the combined revenue was over $730,000 (YE 2021).  One manager can manage both, for decreased costs.  Revenue has rebounded nicely from Covid 19, and 2021 was similar to pre-covid revenues.  Furthermore, 2022 continues to improve.  At the combined asking price, the combined cap rate is nearly 14%, and the cash-on-cash return approaches 30% (depending on rate and amortization).

Rock Port is a town of about 1500 located on Interstate 29 between KC and Omaha, in the scenic Loess Hills of NW Missouri, within miles of 3 other states, KS, NE,  and IA.  Specialty and antique shops line the downtown and the spire of the historic Atchison County Courthouse presides over the town square.  Rock Port features several notable distinctions.  It is the first town of its kind to generate 100% of its electricity by wind energy.   Furthermore, it is also know as the “Fireworks Capital of Missouri”, and is the first legal fireworks venue south of Omaha.    Nearby demand generators in the area are:

  • Interstate 29
  • Loess Hills Wind Farm
  • Cooper Nuclear Station
  • Loess Bluffs National Wildlife Area (Squaw Creek)
  • Historic  Brownsville, NE
  • Fairfax Community Hospital
  • Advanced Pork Systems

This owner is preparing for retirement and wishes to sell both properties as a portfolio.

To view the executive summary for the Super 8, please click the following link:

Super 8 Rock Port MO

Property Details

Address
1200 Hwy 136 West, Rock Port, MO 64482
Price
$800,000 
Rooms
36 
Price Per Key
$22,220 
Property Type
Limited Service - Budget 
Revenue
Call or email for CA 
Website
 

Hotel Description

  • NEW PORTFOLIO PRICE is $2,075,000.  Combined net operating income (both hotels) is nearly $280,000 (YE 2021).
  • 36 keys
  • Built 1974
  • Outdoor corridor (preferred by work crews)
  • Limited service, limited hours
  • No pool, spa or elevator to maintain
  • Living quarters onsite, behind the front desk (currently used as storage)
  • Flatscreen TV’s
  • Kings, queens with one two room suite
  • Includes 8.5 acres m/l (county website), with interstate exposure

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

13000 W 87th St. Pkwy, Suite 108
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771