Hotel-Motel
TownePlace Suites Dodge City
2800 W Wyatt Earp Blvd, Dodge City, KS 67801
Listing Price: $10,700,000
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 120-room TownePlace Suites located in Dodge City, Kansas. The hotel is a four-story property built in 2014.
TownePlace Suites Dodge City provides the opportunity for a new owner to acquire a select-service, extended-stay, core-branded Marriott hotel that has undergone major recent renovations with potential to realize significant RevPAR growth through driving occupancy with renewed sales efforts, hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.
TownePlace Suites Dodge City
Investment Highlights
- Historically Stable NOI
- Offered Below $90k Per Key
- Vast Majority of the PIP Recently Completed
- Marriott Change-of-Ownership PIP Available
- Recent Renovations Include Items Beyond the Scope of the Marriott PIP, such as the Parking Lot and Pool Deck
- Positive-Trending ADR for the Subject Property and Competitive Set
- Ford County is Ranked a Top-10 "Least Economically Stressed Counties" in the U.S.
- Proximate to National Beef Dodge City, Cargill Protein, Dodge City Roundup Rodeo, Dodge City Raceway Park, Boot Hill Casino, St. Catherine Hospital, and More
Broker of Record
Listing Price: $10,700,000
Investment Highlights
- Historically Stable NOI
- Offered Below $90k Per Key
- Vast Majority of the PIP Recently Completed
- Marriott Change-of-Ownership PIP Available
- Recent Renovations Include Items Beyond the Scope of the Marriott PIP, such as the Parking Lot and Pool Deck
- Positive-Trending ADR for the Subject Property and Competitive Set
- Ford County is Ranked a Top-10 "Least Economically Stressed Counties" in the U.S.
- Proximate to National Beef Dodge City, Cargill Protein, Dodge City Roundup Rodeo, Dodge City Raceway Park, Boot Hill Casino, St. Catherine Hospital, and More
Investment Overview
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 120-room TownePlace Suites located in Dodge City, Kansas. The hotel is a four-story property built in 2014. TownePlace Suites Dodge City provides the opportunity for a new owner to acquire a select-service, extended-stay, core-branded Marriott hotel that has undergone major recent renovations with potential to realize significant RevPAR growth through driving occupancy with renewed sales efforts, hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.
Broker of Record
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