Rodeway Inn & Suites Hesston | 2 Leonard Ct
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Rodeway Inn & Suites Hesston 2 Leonard Ct
41 Room Hotel Hesston, KS 67062 $1,575,000 ($38,415/Room)
Investment Highlights
- Built in 2003 and has new HVAC and new pool equipment ,beautiful architecture, attractive rooms ,meeting room, off the freeway location.
- Turn key property waiting for an efficient owner operator with some hospitality experience
- Offered at under 3 times GRM with an amazing ADR of $96.12
Executive Summary
A perfect opportunity for a first time owner operator, 41 keys interior corridor ,franchise hotel offered under 3 times GRM. Recently remodelled and has no outstanding PIP. This hotel attracts lot of local business as well as freeway business. Located just 30 minutes from Wichita which makes it ideal for an owner operator to live in a big city and manage the property in Hesston .Please sign an NDA for the financials and schedule an appointment to visit the property. SBA financing is available with 20 percent down. No seller financing. This is a turn key property waiting for an efficient operator to increase the occupancy. Listed in association with a broker of record from Kansas. A brand new roof is being installed. All offers due by October 15. Don't miss out on this deal.
Property Facts
| Price | $1,575,000 | Building Size | 27,627 SF |
| Price Per Room | $38,415 | No. Rooms | 41 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2003 |
| Property Subtype | Hotel | Parking Ratio | 1.59/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.07 AC |
| Price | $1,575,000 |
| Price Per Room | $38,415 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.07 AC |
| Building Size | 27,627 SF |
| No. Rooms | 41 |
| No. Stories | 2 |
| Year Built | 2003 |
| Parking Ratio | 1.59/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $195.00 | - |
| Guest Room | 36 | $94.00 | - |
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PROPERTY TAXES
| Parcel Number | 035-15-0-10-01-003.02-0 | Improvements Assessment | $159,068 |
| Land Assessment | $22,250 | Total Assessment | $181,318 |
PROPERTY TAXES
Parcel Number
035-15-0-10-01-003.02-0
Land Assessment
$22,250
Improvements Assessment
$159,068
Total Assessment
$181,318
zoning
| Zoning Code | C-2 |
| C-2 |
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Rodeway Inn & Suites Hesston | 2 Leonard Ct
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