Investing in Quality Inn By Choice Hotels : A Perfect Opportunity for Aspiring and Experienced Hoteliers

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50 Beds | - Baths | - SqFt

1807 Harding Dr #50, Parsons, KS 67357

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Are you considering venturing into the hospitality industry or expanding your existing hotel portfolio? Then look no further than the exquisite Quality Inn By Choice Hotels located at 1807 Harding Dr #50, Parsons, KS 67357. This exceptional property, exclusively presented by Reco Real Estate Advisors, offers a remarkable investment opportunity that is perfect for both beginner and seasoned hoteliers. Let's dive into the details and explore why this property is an ideal choice for aspiring hotel owners and experienced industry professionals alike.

Strategic Location:

Situated at the prime intersection of U.S. Highway 400 and U.S. Highway 59 in Parsons, Kansas, Quality Inn By Choice Hotels enjoys unparalleled visibility and convenience. Its outstanding positioning makes it an excellent choice for travelers traversing these major regional thoroughfares. This strategic location ensures a steady flow of potential guests, guaranteeing consistent occupancy rates throughout the year.

Superb Amenities and Recent Upgrades:

Quality Inn By Wyndham stands out not only due to its strategic location but also because of its exceptional amenities. Boasting 50 well-appointed rooms, this hotel provides guests with a comfortable and enjoyable stay. Additionally, the property features a swimming pool and fitness room, adding an extra layer of leisure and relaxation for guests.

Moreover, Quality Inn By Choice Hotels has recently undergone significant upgrades, reflecting the owner's commitment to high-quality hospitality. These enhancements include new carpeting, updated lobby furnishings, new mattresses and bed sets, efficient LED parking lights, a modernized exterior sign, and a new roof. By investing in these upgrades, the property positions itself as a contemporary and welcoming establishment, enticing guests to choose it as their preferred accommodation option.

Promising Market Performance:

The Kansas Area hotel submarket is currently experiencing signs of recovery and growth, making it an opportune time to invest in this flourishing market. With a trailing 12-month occupancy rate of 52.9%, the highest it has been in five years, and a remarkable 7.9% increase in Revenue per Available Room (RevPAR), the financial performance of hotels in the area is robust. This positive trend aligns with the market average, indicating a promising future for hoteliers in the region.

Furthermore, the vibrant hotel market in Kansas has witnessed seven hotel trades in the past year alone, showcasing steady investor interest and market dynamism. This high level of transaction activity denotes a healthy and thriving hospitality industry, making it an ideal environment for both new and experienced hotel owners.

Supportive Economic Environment:

Parsons, the city where Quality Inn By Choice Hotels is located, boasts a dynamic and diverse economic landscape. The city administration is highly supportive of new businesses and expansions, offering generous city incentive packages. These attractive incentives include tax abatement and Rural Opportunity Zones, which foster a business-friendly atmosphere, conducive to growth and success.

For aspiring hoteliers, these incentives provide a unique opportunity to establish a presence in a city that supports and encourages entrepreneurship. For seasoned hotel owners, expanding into Parsons allows for diversification within their portfolio while benefitting from a supportive economic environment.

The Perfect Opportunity Awaits:

In conclusion, Quality Inn By Choice Hotels presents a remarkable investment opportunity for both aspiring and experienced hoteliers. Its strategic location, exceptional amenities, recent upgrades, promising market performance, and supportive economic environment make it an ideal choice for anyone looking to venture into or expand their presence in the hospitality industry.

With the Kansas Area hotel submarket displaying signs of recovery and growth, investing in this property offers a high potential for success. Take advantage of this perfect opportunity and embark on your journey toward owning and operating a thriving hotel business. Contact Reco Real Estate Advisors today to explore this exceptional investment prospect and secure your place in the ever-evolving real estate industry.