This Pride of Super 8 property features a number of upgrades and is the ideal size for a family operation. Or, the adjacent Quality Inn & Suites could be included to create a small portfolio, perfect for an owner-operator. The hotel has been a steady performer, however, it does represent an upside opportunity for an onsite owner operator involved in the community. It is in good condition and has many of the upgrades required by Super 8. Between the two hotels, the 2018 revenue will be around $1MM.
This Super 8 has been a consistent performer over the years, and is ideal for a first time buyer. It is located adjacent to the 51 key Quality Inn & Suites which is also for sale. The interior corridor hotel is a perfect size for a family operation and can also be combined with the adjacent Quality Inn & Suites. It is located in the southwest quadrant of Winfield on heavily traveled Hwy 77.
Notable Local Demand Generators:
Walnut Valley Festival
Winfield (Cowley County) Fairgrounds
Southwest College (4 year)
Cowley County Community College
Notable Area Businesses:
Silgan Dispensing Systems
GE Engine Services
MARKET/ HOTEL OVERVIEW:
Winfield, KS, population 12,000, has many attributes that are attractive to business, including a four-year college, a junior college, an active business community and an airport (Strother Field). The industrial park at Strother is home to a number of major employers, collectively with over 1,500 employees. The Super 8 and Quality Inn & Suites feature an opportunity to purchase individual properties or a small portfolio, located adjacent to each other and by different parent franchise companies. The Super 8 is a Pride of Ownership designee with most of the Super 8 mandated upgrades. Either or both properties lend themselves to an owner-operator or placing an onsite partner to operate.