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Hotel-Motel

Motel 6 Junction City

1931 Lacy Dr, Junction City, KS 66441

Listing Price: Request For Offer

Number of Rooms
59
RevPAR
$26
Year Built
1999

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Motel 6 Junction City (‘Hotel’ or ‘Property’) in Junction City, Kansas. The G6 Hospitality-branded Hotel is offered at $1,900,000 or $32,203 per key. The Motel 6 Junction City is a 59-room with one manager's apartment, three-story, interior corridor Hotel built in 1999 and renovated in 2017. The Property, well-equipped with numerous common area and guest room amenities, offers spacious guest rooms that come furnished with a microwave, refrigerator, desk, and a flat-screen television with premium channels. Additionally, some common area amenities the Hotel has to offer consist of an outdoor pool and self-service laundry facilities. The manager's apartment has been furnished as a two-bedroom living space. Junction City, Kansas is a city located in Geary County in the central region of the state, 110 miles north of Wichita and 160 miles west of Kansas City and is in close proximity to major demand drivers such as Kansas State University (22.1 miles) and Fort Riley Military Base (8.6 miles). The Motel 6 Junction City is strategically positioned on Lacy Drive, near the Interstate 70 and Highway 77 interchange. With the city’s major employers and popular revenue generators near the property, this sought-after Hotel benefits from many key industries of the town which include public admin, healthcare & social assistance, and retail trade. Geary Community Hospital and Walmart Super Center, two of the city’s larger employers located approximately two miles from the Hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the work force include Smithfield Foods (0.1 miles) and the Foot Locker Corporate Service Center (1.1 miles). Revenue generators in the area, like B&B Junction City Gem (2.5 miles) and Westside Shopping Center (2.6 miles) help bring additional revenue to the Hotel through an increase in transient business. Extra demand drivers for the city include Junction City Country Club (2.3 miles) and the Spring Valley Historic Site (2.3 miles). In 2021, the limited-service Hotel recorded room revenues of over $607,000 and a net operating income above $169,000, or 27.9 percent as a percentage of total revenues, after a four percent capital replacement reserve. Focusing on increasing the hotels operational efficiency, a new owner can see a significant boost in hotel performance, seizing a larger portion of top-line revenues.

Investment Highlights

  • Three-Story, 59-Room with One Manager's Apartment, Interior-Corridor, Limited-Service Hotel
  • Positioned with Excellent Visibility and Accessibility from Interstate 70 and Highway 77
  • Ideal Located Near Kansas State University and Fort Riley Military Base
  • Priced Significantly Below Replacement Cost at $33,333 Per Key

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Hotel-Motel

Motel 6 Junction City

Listing Price: Request For Offer

Number of Rooms
59
RevPAR
$26
Year Built
1999

Investment Highlights

  • Three-Story, 59-Room with One Manager's Apartment, Interior-Corridor, Limited-Service Hotel
  • Positioned with Excellent Visibility and Accessibility from Interstate 70 and Highway 77
  • Ideal Located Near Kansas State University and Fort Riley Military Base
  • Priced Significantly Below Replacement Cost at $33,333 Per Key

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Motel 6 Junction City (‘Hotel’ or ‘Property’) in Junction City, Kansas. The G6 Hospitality-branded Hotel is offered at $1,900,000 or $32,203 per key. The Motel 6 Junction City is a 59-room with one manager's apartment, three-story, interior corridor Hotel built in 1999 and renovated in 2017. The Property, well-equipped with numerous common area and guest room amenities, offers spacious guest rooms that come furnished with a microwave, refrigerator, desk, and a flat-screen television with premium channels. Additionally, some common area amenities the Hotel has to offer consist of an outdoor pool and self-service laundry facilities. The manager's apartment has been furnished as a two-bedroom living space. Junction City, Kansas is a city located in Geary County in the central region of the state, 110 miles north of Wichita and 160 miles west of Kansas City and is in close proximity to major demand drivers such as Kansas State University (22.1 miles) and Fort Riley Military Base (8.6 miles). The Motel 6 Junction City is strategically positioned on Lacy Drive, near the Interstate 70 and Highway 77 interchange. With the city’s major employers and popular revenue generators near the property, this sought-after Hotel benefits from many key industries of the town which include public admin, healthcare & social assistance, and retail trade. Geary Community Hospital and Walmart Super Center, two of the city’s larger employers located approximately two miles from the Hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the work force include Smithfield Foods (0.1 miles) and the Foot Locker Corporate Service Center (1.1 miles). Revenue generators in the area, like B&B Junction City Gem (2.5 miles) and Westside Shopping Center (2.6 miles) help bring additional revenue to the Hotel through an increase in transient business. Extra demand drivers for the city include Junction City Country Club (2.3 miles) and the Spring Valley Historic Site (2.3 miles). In 2021, the limited-service Hotel recorded room revenues of over $607,000 and a net operating income above $169,000, or 27.9 percent as a percentage of total revenues, after a four percent capital replacement reserve. Focusing on increasing the hotels operational efficiency, a new owner can see a significant boost in hotel performance, seizing a larger portion of top-line revenues.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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