1200 State St
Phillipsburg, KS 67661

$100,000 PRICE REDUCTION!! Priced at less than 2.5X room revenue! The Cottonwood Inn and RV Park represents an excellent opportunity for an owner/operator to purchase a recently remodeled independent hotel with a history of strong cash flow. The offering is a 40-unit exterior corridor hotel and RV Park in Phillipsburg, KS, a small community located at the intersection of Highway 183 & 36 in northwest Kansas. It is commonly known that an independent hotel operated by an on-site owner is better able to create profit out of an income stream than its franchised counterparts. The hotel has received many improvements, including newer carpet, textured walls with accent paint, 32” flat screen TV’s, beds, bedding and drapes. New electronic locks were installed in 2017, as was a new PMS System. 4 guestrooms were also remodeled into king executive suites. Phillipsburg, KS, is somewhat of a well-kept secret. It features a strong business climate with a number of companies, including Tamko Building Products, Prairie Horizon Agri-Energy (ethanol plant) and Kyle Railroad. Phillipsburg also is a popular hunting and fishing area. Given the history of strong net income, the addition of a bio-diesel plant at Prairie Horizon and the quality of life in Phillipsburg, it would be ideal for a family, or a first time buyer. SBA Financing is available for qualified candidates.