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Key Details
Sold Price $1
Property Type Hospitality
Listing Status Sold
Purchase Type For Sale
Sold Date 06/14/24
Bedrooms 40
Property Description
INVESTMENT SUMMARY
Strategic Location and Accessibility: Positioned on the I-70 corridor, the hotel benefits from the traffic between St. Louis, Columbia, and Kansas City. This location is not just a thoroughfare but a gateway to the cultural and economic vibrancy of the region.
Kansas City Proximity: An hour's drive from Kansas City, a city rich with professional sports (Kansas City Chiefs, Royals), cultural events (concerts like Taylor Swift's Eras Tour), and corporate headquarters.
Local Attractions and Economic Drivers: The hotel is ideally located to attract guests interested in exploring the Katy Trail, attending events at nearby universities, or visiting local conservation areas.
High Cash Flow Potential: The transition from absentee to active management holds the promise of significantly improving operational efficiencies, reducing costs, and enhancing overall guest satisfaction. This shift presents a clear path to increased occupancy rates and revenue.
The property's location on the high-traffic I-70 interstate highway is a key asset, connecting multiple major cities such as St. Louis, Columbia, and Kansas City. This prime positioning not only facilitates direct access to these urban centers but also establishes the hotel as an essential stopover for a wide range of travelers, including business professionals, families, and outdoor enthusiasts, ensuring a consistent influx of guests.
OPERATIONAL CONSIDERATIONS
Hands-on Management Opportunity: Embracing an owner - operator model can unlock potential for cost optimization
and enhanced guest experiences, thereby driving revenue
growth.
Hands-on Management Opportunity: Transitioning to an owner-operator model presents a significant opportunity for optimizing high cash flow through direct management and reducing operational costs. Currently, the hotel operates under absentee ownership, generating strong cash flow. There is potential to achieve even greater cash flow with hands-on owner operations
Location
State MO
County Saline
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Bought with Dharam Chaudhari • Reco Real Estate Advisors | KW Realty Partners
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