This newer Sleep Inn is a strong performer with a very attractive NOI. The owners are not hoteliers and it is operated by 3rd party management. While currently well managed, an owner operator could maximize the value by direct supervision. At the asking price and with 20% down, the cash on cash return is approximately 22%.

Executive Summary

This newer, developer owned 62 unit Sleep Inn offers a great location and visibility directly off of Interstate 70. It provides a very pleasing “sense of arrival” and the feeling continues when guests enter the hotel.  Guests can enjoy amenities such as an indoor pool and spa and fitness room.  Oakley is just 3.5 hours east of downtown Denver.  Area attractions include Monument Rocks, Prairie Museum of Art & History, Buffalo Bill Bronze Sculpture and the Chalk Pyramids.

The agricultural business in western Kansas is a significant driver of the economy along with the many businesses that support it.  Energy also plays a role, but not to the extent that it used to.  Unlike many oil producing sections of the country, western Kansas has not been decimated by the drop in oil prices.  It has a more diversified economy with wind energy and oil exploration parts of a larger economy. Besides the business demand generators, Oakley’s position between Denver and Kansas City results in a high level of transient traffic.

Given the strong revenue performance of the hotel and accompanying net income, this newer Sleep Inn deserves your attention.  Call or email for a CA today!

Property Details

Address
3596 East HWY 40, Oakley, KS 67748
Price
$3,750,000 
Rooms
62 
Price Per Key
$60,484 
Property Type
Limited Service - Interstate Location 
Revenue
Call or email for CA-NC 
Website
 

Hotel Description

  • Built in 2009/Original Developer
  • 3 floors w/elevator
  • I-70 Interstate location and excellent visibility
  • HSIA
  • Flat Screen TV’s
  • Indoor Pool & Spa
  • Fitness Room
  • Business center
  • Suites w/sitting area
  • 100% smoke free

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

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

Dave Jones

KS
Phone: 913-499-4725