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Hotel-Motel

Hampton Inn Junction City

1039 S Washington St, Junction City, KS 66441

Listing Price: $6,500,000

Cap Rate
7.87%
Number of Rooms
82
RevPAR
$61
Gross SF
47,380
Price/Room
$79,268
RRM
3.60
Price/Gross SF
$137.19
Year Built
2009

Investment Overview

Built in 2009, the Junction City Hampton Inn is an exquisite four-story, 82 room, upper midscale interior-corridor hotel consisting of 47,380 square feet, situated upon 2.1 acres of land with a full-service fitness center and pool. The subject Hampton Inn consistently outperforms the RevPAR of its competitive set. Located directly adjacent to Interstate 70, one of the most heavily traveled east-west highways connecting states across the US, from Baltimore, Maryland to Cove Fort, Utah. Located just outside of Fort Riley, Kansas, a major US Army post, fourteen miles to nearby Manhattan Regional Airport and just twenty miles from Kansas State University. There are many historical sites to see in the nearby vicinity, such as the Geary County Historical Museum, 1st Territorial Capitol of Kansas, Kansas Vietnam Veterans Memorial, Civil War Arch, 9th and 10th Buffalo Soldier Memorial, Spring Valley Heritage Site, U.S. Cavalry Museum, 1st Infantry Division Museum, Custer House and just a quick trip to the famous home of former president Dwight D. Eisenhower in nearby Abilene. Junction City is also home to Milford Lake, the Fishing Capital of Kansas.

Investment Highlights

  • 2.1 Acre, Fee Simple, 82-Key, 4-Story Upper-Midscale Limited Service Hotel
  • Significantly Outperforms the Competitive Set
  • Pandemic Room Revenues of $1.4M in 2020 and $1.8M in Trailing 12-Months Ending September 2021
  • Running 12-Months RevPAR of $60.64 vs. Comp Set of $44.71
  • Adjacent to US Army Post Fort Riley: Roughly 67,000 Service Members, Family Members, Veterans & Retirees
  • Located Adjacent to I-70, Equidistant to Kansas City, MO and Wichita, KS (Just under a two-hour drive)
  • Located Twenty Miles From Kansas State University

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Hotel-Motel

Hampton Inn Junction City

Listing Price: $6,500,000

Cap Rate
7.87%
Number of Rooms
82
RevPAR
$61
Gross SF
47,380
Price/Room
$79,268
RRM
3.60
Price/Gross SF
$137.19
Year Built
2009

Investment Highlights

  • 2.1 Acre, Fee Simple, 82-Key, 4-Story Upper-Midscale Limited Service Hotel
  • Significantly Outperforms the Competitive Set
  • Pandemic Room Revenues of $1.4M in 2020 and $1.8M in Trailing 12-Months Ending September 2021
  • Running 12-Months RevPAR of $60.64 vs. Comp Set of $44.71
  • Adjacent to US Army Post Fort Riley: Roughly 67,000 Service Members, Family Members, Veterans & Retirees
  • Located Adjacent to I-70, Equidistant to Kansas City, MO and Wichita, KS (Just under a two-hour drive)
  • Located Twenty Miles From Kansas State University

Investment Overview

Built in 2009, the Junction City Hampton Inn is an exquisite four-story, 82 room, upper midscale interior-corridor hotel consisting of 47,380 square feet, situated upon 2.1 acres of land with a full-service fitness center and pool. The subject Hampton Inn consistently outperforms the RevPAR of its competitive set. Located directly adjacent to Interstate 70, one of the most heavily traveled east-west highways connecting states across the US, from Baltimore, Maryland to Cove Fort, Utah. Located just outside of Fort Riley, Kansas, a major US Army post, fourteen miles to nearby Manhattan Regional Airport and just twenty miles from Kansas State University. There are many historical sites to see in the nearby vicinity, such as the Geary County Historical Museum, 1st Territorial Capitol of Kansas, Kansas Vietnam Veterans Memorial, Civil War Arch, 9th and 10th Buffalo Soldier Memorial, Spring Valley Heritage Site, U.S. Cavalry Museum, 1st Infantry Division Museum, Custer House and just a quick trip to the famous home of former president Dwight D. Eisenhower in nearby Abilene. Junction City is also home to Milford Lake, the Fishing Capital of Kansas.

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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