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Est. payment /mo
54 Beds
UPDATED:
04/02/2024 03:46 PM
Key Details
Property Type Hospitality
Listing Status Active
Purchase Type For Sale
Bedrooms 54
Property Description
This unencumbered 54-room property presents a unique, debt-free, and management-free investment opportunity. As part of Wyndham Hotels' mid-scale segment, the hotel offers both an established brand presence and attractive pricing. The asset is available at a substantial discount to replacement cost, maximizing potential return on investment.
A notable increase of 13.4% in twelve-month average RevPAR (Revenue per Available Room) has been observed in the Iowa Southeast Area hotel submarket. This highlights strong market performance and suggests a promising outlook for the property. Additionally, an owner-operator can unlock considerable operational upside by directly managing the property, offering the potential to reduce operational expenses and boost profits.
The property enjoys a prime location, conveniently situated off U.S. Highway 34. This ensures easy access to major demand generators in the area, enhancing its appeal to guests. Additionally, its proximity to retail and entertainment centers such as Target, local theater, Shoe Carnival, and Walmart, plays a crucial role in attracting guests and enhancing occupancy rates.
The hotel's location near a community college and a hospital also guarantees a steady stream of potential guests, which contributes positively to its revenue potential. Currently, the property operates with an absentee owner. This presents an opportunity for a hands-on owner-operator to maximize the property's potential. Taking into consideration the recent robust growth in the Iowa Southeast Area hotel submarket, this mid-scale Wyndham property represents a promising investment opportunity.
A notable increase of 13.4% in twelve-month average RevPAR (Revenue per Available Room) has been observed in the Iowa Southeast Area hotel submarket. This highlights strong market performance and suggests a promising outlook for the property. Additionally, an owner-operator can unlock considerable operational upside by directly managing the property, offering the potential to reduce operational expenses and boost profits.
The property enjoys a prime location, conveniently situated off U.S. Highway 34. This ensures easy access to major demand generators in the area, enhancing its appeal to guests. Additionally, its proximity to retail and entertainment centers such as Target, local theater, Shoe Carnival, and Walmart, plays a crucial role in attracting guests and enhancing occupancy rates.
The hotel's location near a community college and a hospital also guarantees a steady stream of potential guests, which contributes positively to its revenue potential. Currently, the property operates with an absentee owner. This presents an opportunity for a hands-on owner-operator to maximize the property's potential. Taking into consideration the recent robust growth in the Iowa Southeast Area hotel submarket, this mid-scale Wyndham property represents a promising investment opportunity.
Location
State KS
County Johnson
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Listed by Dharam Chaudhari • Reco Real Estate Advisors | KW Realty Partners
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