Recently renovated Super 8 offered at less than $20,000/room!  Significant savings on the initial cost of a new franchise agreement!  A great fit for an owner-operator or for a group with an operating partner.  Possible owner financing for a qualified candidate with 25% down payment.

Executive Summary

This 51-unit, 2-story, interior corridor Super 8 opened in 1994.  The property had been a steady performer until the previous owner encountered partnership and financial issues.  The current owner purchased the hotel in November 2020 in a short sale, and has extensively renovated the hotel.  Additionally, an agreement has been reached with Wyndham whereby a new owner can enter into a new franchise agreement for only $2500.  This represents a very nice up front financial savings!

Independence, with a population approximately 9,000,  is located in southeast Kansas, near the Oklahoma border.  Montgomery County population and trade area is approximately 35,000.    The town is well positioned on several busy highways, Hwy 75 and 160, with 75 being the major north-south connector between Topeka, KS (1-70, I-35) and Tulsa, OK (I-44).

There are a number of well known aviation demand generators located in Independence, including Textron Aviation (Cessna), Kansas Aviation and Aviation Controls.  The Cessna plant builds the Cessna Citation M2, among others.  Other notable international businesses are VT Hackney (truck bodies), SMP (automotive products), and Matcor (metal fabrication).

Besides these local business, Independence Community College, a frequently awarded 2 year college, features 1600 students and is an effective demand generator.   It has obtained recognition by AffordableColleges.com and by thebestcolleges.com.

This well priced offering – at less than $20,000/room could be an ideal fit for an onsite partner, an owner-operator, or a regional operator adding to a portfolio.

Property Details

Address
2800 W Main St., Independence, KS 67301
Price
$995,000 
Rooms
51 
Price Per Key
$19,510 
Property Type
Limited Service 
Revenue
Call or Email for CA 
Website
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Hotel Description

  • Aggressively priced at $19,500/room!
  • NEW 43″ TV’s
  • NEW Beds & Bedding
  • NEW Case Goods & Lamp Package
  • NEW Wi-Fi System
  • NEW Tables & Chairs in breakfast room
  • Newer flooring & carpet in lobby, breakfast area, hallways & stairwells
  • Variety of rooms types, including suites
  • Seasonal Outdoor Pool
  • Very nice on-site Manager’s Apartment (full kitchen & separate bedroom)
  • Strong location – across from WalMart 

 

Contact a Broker

Dave Jones

KS
Phone: 913-499-4725