2700 W 18th Ave
Emporia, KS 66801

HREC Investment Advisors is pleased to offer for sale the Fee-Simple interest in the 131-guestroom Clarion Inn & Conference Center Emporia, located in Emporia, Kansas. The Hotel recently underwent an approximate $2.4 million renovation that included all areas of the hotel except for approximately 32 rooms. This allows new ownership to begin operations in a building that has received a significant upgrade, while tailoring operational and revenue management strategies to meet the needs of the market as well as the Hotel. The Property offers meeting space to fit 300 people; the only hotel in the market that offers meeting space that can accommodate more than 40 people. The Property enjoys a strategic location halfway between the cities of Topeka and Wichita situated near the intersection of U.S. Route 50 and Interstates 335 and 35 on the Kansas Turnpike. Located in close proximity are major corporate, leisure, medical and educational demand generators such as Emporia State University, Flint Hills Technical College, Tyson Foods, Emporia Energy Center Westar, Hostess Brands and the Newman Regional Health Hospital. The Hotel is being offered unencumbered by debt and is complete with updated amenities including a fitness center, business center, indoor-outdoor pool, indoor whirlpool/hot tub, convenience store, banquet rooms, full-service restaurant and a bar. The offering represents a unique opportunity to acquire a well-located, significantly renovated hotel that features the most extensive meeting facilities in the region and benefits from close proximity to many of the area’s major demand generators. New ownership has the opportunity to begin operations in an up-to-date building while tailoring operational and revenue management strategies to meet the needs of the market as well as the Hotel. The Hotel has consistently ranked towards the bottom of its STR-defined competitive set in regard to RevPAR and therein lies one of the strongest upside advantages to a new owner. A new operator will have the opportunity to implement strategic cost control initiatives and utilize the Property’s recent renovation to stimulate RevPAR growth.