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Hotel-Motel

Quality Inn Goodland

2519 Enterprise Rd, Goodland, KS 67735

Listing Price: $2,500,000

Cap Rate
1.73%
Number of Rooms
49
RevPAR
$28
Gross SF
26,264
Price/Room
$51,020
RRM
5.04
Price/Gross SF
$95.19
Year Built
1997

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn Goodland, a two-story limited service hotel located in Sherman County, Kansas. The hotel consists of 49 interior corridor rooms and is ideally located off Interstate 70 and State Highway 27. Nearby attractions include Worlds Largest Easel, Ennis-Handy House, High Plains Museum, Sherman County Fairgrounds and Sherman County Speedway.

The Quality Inn Goodland represents the opportunity for an investor to increase operational efficiencies in both topline and profit margins. The property is currently being operated by an absentee owner and is achieving a RevPAR index of only 62%.

Investment Highlights

  • Significant Upside: Absentee Owner & Low RevPAR Index Penetration
  • Renovated in 2019
  • 2 Miles to Northwest Kansas Technical College
  • 2 Miles to Goodland Regional Medical Center
  • Near Sherman County Speedway, High Plains Museum and the Ennis-Handy House
  • Close Proximity to Interstate 70 and State Highway 27

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Listing Price: $2,500,000

Cap Rate
1.73%
Number of Rooms
49
RevPAR
$28
Gross SF
26,264
Price/Room
$51,020
RRM
5.04
Price/Gross SF
$95.19
Year Built
1997

Investment Highlights

  • Significant Upside: Absentee Owner & Low RevPAR Index Penetration
  • Renovated in 2019
  • 2 Miles to Northwest Kansas Technical College
  • 2 Miles to Goodland Regional Medical Center
  • Near Sherman County Speedway, High Plains Museum and the Ennis-Handy House
  • Close Proximity to Interstate 70 and State Highway 27

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Quality Inn Goodland, a two-story limited service hotel located in Sherman County, Kansas. The hotel consists of 49 interior corridor rooms and is ideally located off Interstate 70 and State Highway 27. Nearby attractions include Worlds Largest Easel, Ennis-Handy House, High Plains Museum, Sherman County Fairgrounds and Sherman County Speedway.

The Quality Inn Goodland represents the opportunity for an investor to increase operational efficiencies in both topline and profit margins. The property is currently being operated by an absentee owner and is achieving a RevPAR index of only 62%.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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