Hotel-Motel

Best Western Plus Pratt

112 NE State Road 61, Pratt, KS 67124

Listing Price: $4,500,000

Cap Rate
9.78%
Number of Rooms
70
RevPAR
$44
Gross SF
44,727
Price/Room
$64,286
RRM
3.51
Price/Gross SF
$100.61
Year Built
2014

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Plus Pratt, a 70-room interior corridor hotel located in Pratt, Kansas. The Best Western Plus Pratt consists of one building with approximately 44,727 square feet. All rooms offer a refrigerator, microwave, coffeemaker, iron and ironing board, hair dryer, cable TV with HBO, and free Wi-Fi. Select suites include a kitchenette. Guests are provided with a free continental breakfast, 24-hour front desk service and a business center located in the lobby. The hotel also has a fitness room and an indoor heated pool & spa.

The Best Western Plus Pratt represents the opportunity to acquire a branded hotel along State Route 61 in Pratt, Kansas. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

Investment Highlights

  • Newer Construction | Built in 2014
  • Excellent Frontage on Kansas State Route 61
  • 1/2 Mile to Pratt Community College
  • 1 Mile to Pratt Regional Medical Center
  • Nearby Attractions Include Vernon Filley Art Museum, County Fairgrounds and More

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KS: 00241410

    Kansas

Listing Price: $4,500,000

Cap Rate
9.78%
Number of Rooms
70
RevPAR
$44
Gross SF
44,727
Price/Room
$64,286
RRM
3.51
Price/Gross SF
$100.61
Year Built
2014

Investment Highlights

  • Newer Construction | Built in 2014
  • Excellent Frontage on Kansas State Route 61
  • 1/2 Mile to Pratt Community College
  • 1 Mile to Pratt Regional Medical Center
  • Nearby Attractions Include Vernon Filley Art Museum, County Fairgrounds and More

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Plus Pratt, a 70-room interior corridor hotel located in Pratt, Kansas. The Best Western Plus Pratt consists of one building with approximately 44,727 square feet. All rooms offer a refrigerator, microwave, coffeemaker, iron and ironing board, hair dryer, cable TV with HBO, and free Wi-Fi. Select suites include a kitchenette. Guests are provided with a free continental breakfast, 24-hour front desk service and a business center located in the lobby. The hotel also has a fitness room and an indoor heated pool & spa.

The Best Western Plus Pratt represents the opportunity to acquire a branded hotel along State Route 61 in Pratt, Kansas. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    License(s): KS: 00241410

    Kansas

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