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Hotel-Motel

Motel 6 Junction City

1931 Lacy Dr, Junction City, KS 66441

Listing Price: $1,475,000

Cap Rate
7.04%
Number of Rooms
57
RevPAR
$27
Price/Room
$25,877
RRM
2.60
Year Built
1999

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Motel 6 Junction City(‘Hotel’ or ‘Property’)in Junction City, Kansas. The G6Hospitality-branded Hotel is offered at $1,475,000 or $25,877per key. The Motel 6 Junction City is a 57-room, three-story, interior corridor Hotel built in 1999.The Property, well-equipped with numerous common area and guest room amenities, offers spacious guest rooms that come furnished with a microwave, refrigerator, desk, and a flat-screen television with premium channels. Additionally, some common area amenities the Hotel has to offer consist of an outdoor pool and self-service laundry facilities. Junction City, Kansas is a city located in Geary County in the central region of the state, 110 miles north of Wichita and 160 miles west of Kansas City and is in close proximity to major demand drivers such as Kansas State University (22.1 miles) and Fort Riley Military Base (8.6 miles). The Motel 6 Junction City is strategically positioned on Lacy Drive, near the Interstate 70 and Highway 77 interchange. With the city’s major employers and popular revenue generators near the property, this sought-after Hotel benefits from many key industries of the town which include public admin, healthcare & social assistance, and retail trade. Geary Community Hospital and Walmart Super Center, two of the city’s larger employers located approximately two miles from the Hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the work force include Smithfield Foods (0.1 miles) and the Foot Locker Corporate Service Center (1.1 miles). Revenue generators in the area, like B&B Junction City Gem (2.5 miles) and Westside Shopping Center (2.6 miles) help bring additional revenue to the Hotel through an increase in transient business. Extra demand drivers for the city include Junction City Country Club (2.3 miles) and the Spring Valley Historic Site (2.3 miles). In the October 2021 Trailing-12 Months Revenue, the limited-service Hotel recorded room revenues of over $568,000 and a net operating income above $126,000, or 22 percent of total revenues, before any capital replacement reserve. Focusing on increasing the hotels operational efficiency, a new owner can see a significant boost in hotel performance, seizing a larger portion of top-line revenues. The hotel has an on-site, two-bedroom, one bath apartment and is ideal for an owner-operator. While the apartment remains occupied by a manager, this is an absentee owned property creating an additional opportunity to boost the Net Operating Income.

Investment Highlights

  • Three-Story, 57-Room, Interior-Corridor, Limited-Service Hotel
  • Priced at an Attractive 2.6 Room Revenue Multiplier
  • Positioned with Excellent Visibility and Accessibility from Interstate 70 and Highway 77
  • Ideal Located Near Kansas State University and Fort Riley Military Base
  • Priced Significantly Below Replacement Cost at $25,877 Per Key

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Hotel-Motel

Motel 6 Junction City

Listing Price: $1,475,000

Cap Rate
7.04%
Number of Rooms
57
RevPAR
$27
Price/Room
$25,877
RRM
2.60
Year Built
1999

Investment Highlights

  • Three-Story, 57-Room, Interior-Corridor, Limited-Service Hotel
  • Priced at an Attractive 2.6 Room Revenue Multiplier
  • Positioned with Excellent Visibility and Accessibility from Interstate 70 and Highway 77
  • Ideal Located Near Kansas State University and Fort Riley Military Base
  • Priced Significantly Below Replacement Cost at $25,877 Per Key

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Motel 6 Junction City(‘Hotel’ or ‘Property’)in Junction City, Kansas. The G6Hospitality-branded Hotel is offered at $1,475,000 or $25,877per key. The Motel 6 Junction City is a 57-room, three-story, interior corridor Hotel built in 1999.The Property, well-equipped with numerous common area and guest room amenities, offers spacious guest rooms that come furnished with a microwave, refrigerator, desk, and a flat-screen television with premium channels. Additionally, some common area amenities the Hotel has to offer consist of an outdoor pool and self-service laundry facilities. Junction City, Kansas is a city located in Geary County in the central region of the state, 110 miles north of Wichita and 160 miles west of Kansas City and is in close proximity to major demand drivers such as Kansas State University (22.1 miles) and Fort Riley Military Base (8.6 miles). The Motel 6 Junction City is strategically positioned on Lacy Drive, near the Interstate 70 and Highway 77 interchange. With the city’s major employers and popular revenue generators near the property, this sought-after Hotel benefits from many key industries of the town which include public admin, healthcare & social assistance, and retail trade. Geary Community Hospital and Walmart Super Center, two of the city’s larger employers located approximately two miles from the Hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the work force include Smithfield Foods (0.1 miles) and the Foot Locker Corporate Service Center (1.1 miles). Revenue generators in the area, like B&B Junction City Gem (2.5 miles) and Westside Shopping Center (2.6 miles) help bring additional revenue to the Hotel through an increase in transient business. Extra demand drivers for the city include Junction City Country Club (2.3 miles) and the Spring Valley Historic Site (2.3 miles). In the October 2021 Trailing-12 Months Revenue, the limited-service Hotel recorded room revenues of over $568,000 and a net operating income above $126,000, or 22 percent of total revenues, before any capital replacement reserve. Focusing on increasing the hotels operational efficiency, a new owner can see a significant boost in hotel performance, seizing a larger portion of top-line revenues. The hotel has an on-site, two-bedroom, one bath apartment and is ideal for an owner-operator. While the apartment remains occupied by a manager, this is an absentee owned property creating an additional opportunity to boost the Net Operating Income.

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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