$125,000 PRICE REDUCTION!! Priced at less than 3X 2017 RR!! Offered at less than $40k/Key!! I-70 location in a very active city of 50,000. This 49-room Super 8 is a great fit for an owner/operator or a nice addition to an existing portfolio. Please call for details!

Executive Summary

$125,000 PRICE REDUCTION!!  Offered at less than 3x the 2017 RR and less than $40k/Key!!

Rated 4 stars on TripAdvisor, this well maintained Super 8 produces an attractive income stream.  The hotel is located with superior I-70 visibility, just off Exit 252.  McDonald’s is right across the street.  The all-brick exterior features a pleasing sense of arrival and is easily maintained.  Salina, KS, population 50,000, with the confluence of 2 major interstates,  is a significant crossroads and stop-over point between Denver and Kansas City.  Besides a number of well known businesses, such as Tony’s Pizza and Exide Battery, Salina also features the Tony’s Pizza Events Center, a 7500 seat arena and an 18,000 sq ft convention facility.  It serves as a significant draw for regional events, meetings and trade shows. Salina boasts one of the highest “pull factors” in Kansas, a very positive economic indicator for business activity and economic growth.

The hotel has a total of 49 rooms.  It is offered at $40,800 per room, well below replacement value. Guest amenities include flat screen TV’s, granite vanities, microwaves and mini fridges in all guestrooms, and an indoor pool and spa.  There is also ample RV and truck parking.

We have listed a number of Super 8’s, but this one features all the attributes of an attractive investment.  That is, strong cash flow, a strong business model and an active community.  Please call or email for a CA.

Property Details

Address
120 E. Diamond Drive, Salina, KS 67401
Price
$1,875,000 
Rooms
49 
Price Per Key
$38,265 
Property Type
Limited Service 
Revenue
Call for CA 
Website
 

Hotel Description

  • Elevated highway pole signage
  • Interior corridor, 2 story
  • All brick exterior
  • Priced at less than $40k/Key – well below replacement cost
  • Deluxe Kings and Queens with assorted sofa sleepers or recliners
  • Flat screen TV’s
  • Granite vanities
  • Indoor pool and spa tub
  • Guest laundry
  • Truck and RV parking

Contact a Broker

Dave Jones Headshot

Dave Jones

KS
Phone: 913-499-4725