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Hotel-Motel

Emporia Inn

2630 W 18th Ave, Emporia, KS 66801

Listing Price: $1,100,000

Cap Rate
5.56%
Number of Rooms
58
RevPAR
$14
Gross SF
22,236
Price/Room
$18,966
Price/Gross SF
$49.47
Year Built
1983

Investment Overview

Marcus & Millichap exclusively presents for sale the Emporia Inn in Emporia, Kansas. This two-story, interior corridor property has 58 rooms and sits on a spacious 2.7-acre parcel. The Emporia Inn’s favorable location just off Interstate 35 allows for visibility from the interstate, which can entice transient travelers. It is also close to Interstate 335 and Highways 50 and 99, all of which are major thoroughfares in the state of Kansas. The current owner recently completed the Phoenix Property Improvement Plan (PIP) from G6 Hospitality. In recent months, the owner terminated their affiliation with Motel 6 and became an independent hotel. The property is priced significantly below replacement costs at $15,517 per room. These details make the Emporia Inn an ideal entry-level hotel for a new owner/operator.

Investment Highlights

  • Two-Story, Interior Corridor Economy Hotel
  • Recently Completed Phoenix PIP
  • Ideal Entry-Level Hotel for an Owner/Operator

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Listing Price: $1,100,000

Cap Rate
5.56%
Number of Rooms
58
RevPAR
$14
Gross SF
22,236
Price/Room
$18,966
Price/Gross SF
$49.47
Year Built
1983

Investment Highlights

  • Two-Story, Interior Corridor Economy Hotel
  • Recently Completed Phoenix PIP
  • Ideal Entry-Level Hotel for an Owner/Operator

Investment Overview

Marcus & Millichap exclusively presents for sale the Emporia Inn in Emporia, Kansas. This two-story, interior corridor property has 58 rooms and sits on a spacious 2.7-acre parcel. The Emporia Inn’s favorable location just off Interstate 35 allows for visibility from the interstate, which can entice transient travelers. It is also close to Interstate 335 and Highways 50 and 99, all of which are major thoroughfares in the state of Kansas. The current owner recently completed the Phoenix Property Improvement Plan (PIP) from G6 Hospitality. In recent months, the owner terminated their affiliation with Motel 6 and became an independent hotel. The property is priced significantly below replacement costs at $15,517 per room. These details make the Emporia Inn an ideal entry-level hotel for a new owner/operator.

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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