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Key Details
Sold Price $1
Property Type Hospitality
Listing Status Sold
Purchase Type For Sale
Sold Date 03/05/25
Bedrooms 81
Property Description
HUGE PRICE REDUCTION: -$100K
Prime Location: Situated off Interstate 70 at exit 296 in Junction City, Kansas, with a population exceeding 22,000 residents. Conveniently located within an hour's drive from Topeka, KS, the state capital, enhancing visibility and accessibility for travelers.
High Revenue Growth: The hotel has already surpassed its previous year's earnings by ~$90,000, demonstrating strong financial growth and a solid performance.
Property Features: 81 well-appointed guest rooms, catering to a wide range of clientele, making it a flexible option for different guest types.
Owner's Living Quarters: Includes available owner's living quarters, making it an attractive option for owner-operators.
Brand Standard Compliance: Seller has completed the Property Improvement Plan (PIP), ensuring the property meets current brand standards and is up to date with brand requirements.
Flexible Ownership Models: The property is ideal for both owner-operator and absentee ownership models, with the potential for operational efficiencies to boost profitability under an owner-operator.
Strategic Access: Direct access off the busy I-70, ensuring high visibility for travelers and easy accessibility to major transportation routes, including U.S. Route 77 and Manhattan Regional Airport.
Stable Economic Base: Located near key economic drivers such as Fort Riley Military Base, Geary Community Hospital, and USD 475 Geary County Schools, ensuring a steady flow of guests and stable demand for accommodation.
Local Amenities & Attractions: Close to dining, shopping, and outdoor recreational spots like Flint Hills and Milford Lake, which attract tourists and outdoor enthusiasts year-round.
Location
State KS
County Geary
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