This 41-key Super 8 is situated on a 3.19 acre lot at the intersection of I-70 and MO Hwy 13 and is visible from both. The property, which was built in 1983, has had many recent improvements including Super 8 Signature headboards, new windows and a new stucco exterior.
The property features refrigerators & microwaves in the rooms, abundant truck parking, an arcade/game room with a pool table and an outdoor sitting area. The property also offers manager’s living quarters with four rooms.
The City of Higginsville (population 4,651) is located in Lafayette County (population 32,618). The property is approximately 35 miles east of the Kansas City Metro Area and less than an hour away from Kansas City attractions like Arrowhead Stadium & Kauffman Stadium (home to the Kansas City Chiefs & Royals), Ameristar and Harrah’s casinos, Worlds of Fun and Oceans of Fun.
The 1,500 acre University of Central Missouri campus is only 17 miles from the property. The University offers 150 programs of study including 37 graduate programs and has an enrollment in excess of 12,000.
Market demand comes largely from the property location off of I-70 & Hwy 13. Local demand is also generated by major employers, including the Higginsville Habilitation Center which has 491 employees and The Meyer Foundation which employs 146. The location is also convenient to Arcadian Moon Vineyards & Winery.
The property shows significant cash flow, even after adjusting payroll to the industry standards. The $69 ADR (2017 & 2018) and low real estate taxes ($9,771 in 2018) are large contributors to the cash flow. A minimal transfer PIP is expected.
This Super 8 represents an excellent opportunity for both remote operators and owner-operators.