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$﹡﹡﹡﹡﹡(Call for Pricing)
Est. payment /mo
32 Beds
13,000 SqFt
UPDATED:
Key Details
Property Type Hospitality
Listing Status Active
Purchase Type For Sale
Square Footage 13,000 sqft
Bedrooms 32
Year Built 1949
Lot Size 1.840 Acres
Property Description
Business Investment Summary
° The Budget Host Hotel in Junction City, KS, offers a unique investment opportunity for both first-time buyers and seasoned investors.
° Easy Operation: Great Opportunity for first time buyer and owner operator. 80% sold out for past 3 years with extended stay guest maintaining strong steady income.
° Prime Location: This hotel is strategically located off I-70 Highway, ensuring high visibility and ease of access for travelers.
° Steady Income Stream: The hotel currently profits significantly from its extended stay guest segment, providing a reliable and steady income source.
° Room Configuration: The hotel features 32 recently updated rooms, with some rooms now equipped with kitchenettes.
° Local Economic Drivers: Junction City is home to several major employers, including Geary Community Hospital, Junction City School District, and the nearby Fort Riley Military Base. These institutions ensure a steady demand for accommodation from military personnel, hospital staff, and visiting families.
° Population and Demographics: Junction City has a population of approximately 22,738 residents. The city boasts a diverse demographic and a strong community that supports local businesses
° Events and Attractions: The city hosts annual events such as the Sundown Salute, Kansas' largest free Independence Day celebration, which draws numerous visitors. Additionally, nearby attractions like Milford Lake, the largest lake in Kansas, offer recreational opportunities that attract tourists year-round
° Conversion Potential: For multi-family investors, there is significant potential to convert the hotel into long-term housing or apartments. The existing kitchenette-equipped rooms provide a head start on this conversion process, making it a viable and profitable venture.
° The Budget Host Hotel in Junction City, KS, offers a unique investment opportunity for both first-time buyers and seasoned investors.
° Easy Operation: Great Opportunity for first time buyer and owner operator. 80% sold out for past 3 years with extended stay guest maintaining strong steady income.
° Prime Location: This hotel is strategically located off I-70 Highway, ensuring high visibility and ease of access for travelers.
° Steady Income Stream: The hotel currently profits significantly from its extended stay guest segment, providing a reliable and steady income source.
° Room Configuration: The hotel features 32 recently updated rooms, with some rooms now equipped with kitchenettes.
° Local Economic Drivers: Junction City is home to several major employers, including Geary Community Hospital, Junction City School District, and the nearby Fort Riley Military Base. These institutions ensure a steady demand for accommodation from military personnel, hospital staff, and visiting families.
° Population and Demographics: Junction City has a population of approximately 22,738 residents. The city boasts a diverse demographic and a strong community that supports local businesses
° Events and Attractions: The city hosts annual events such as the Sundown Salute, Kansas' largest free Independence Day celebration, which draws numerous visitors. Additionally, nearby attractions like Milford Lake, the largest lake in Kansas, offer recreational opportunities that attract tourists year-round
° Conversion Potential: For multi-family investors, there is significant potential to convert the hotel into long-term housing or apartments. The existing kitchenette-equipped rooms provide a head start on this conversion process, making it a viable and profitable venture.
Location
State KS
County Geary
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Listed by Dharam Chaudhari • Reco Real Estate Advisors | KW Realty Partners