This original owner/developer Super 8 is located in Beloit, KS, a small town in north central Kansas. Situated at the intersection of Highway 24 & 14, the property is a Pride of Super 8 award winner and rates 4 out of 5 on TripAdvisor. Area demand generators include Sunflower Manufacturing, North Central Kansas Technical College (recently named one of the Top 10 community colleges in the country) and Mitchell County Hospital. Waconda Lake is also nearby, which is a very popular boating and fishing area and hosts 9 fishing tournaments annually. The area is very popular with hunters in the late fall and winter and the hotel offers a bird cleaning room. Beloit is the county seat of Mitchell County, providing steady government business.
The hotel has a total of 58 rooms, including a variety of suites. It is offered at a Cap Rate of 12.5% at the asking price and $32,300 per room – well below replacement cost. The hotel features an elevator, which is quite unusual to see in a small town property. Guest amenities include flat screen TV’s, granite vanities, microwaves and mini fridges in all guestrooms, guest laundry and a meeting room.
We have listed a number of Super 8’s, but this one features all the attributes of an attractive investment. That is, superior cash flow, a strong business business model and an active community.