Cap Rate of $12.5% at the list price and priced at $32,300/room!  Original owner/developer ready to sell and priced at 3X 2018 revenue!  Plenty of cash flow and in great condition.  Call today!

Executive Summary

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.

Property Details

Address
3018 US 24 HWY, Beloit, KS 67420
Price
$1,875,000 
Rooms
58 
Price Per Key
$32,328 
Property Type
Limited Service 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • Pride of Super 8 award winner
  • Original owner/developer
  • Elevator w/2 floors
  • 12.5% Cap Rate at the list price! 
  • Offered at $32,300/room – well below replacement cost
  • Variety of suites
  • Newer roof, gutters & window screens (2015)
  • Flat Screen TV’s
  • Microwaves & Mini fridges in all guestrooms
  • Granite vanities
  • 4 out of 5 on TripAdvisor
  • Ample truck, bus & RV parking

Contact a Broker

Dave Jones Headshot

Dave Jones

KS
Phone: 913-499-4725