2631 Enterprise Rd Goodland, KS 67735

Building Details

Year Built

2007

Listing Agency Leisure Real Estate Advisors LLC b***@leisurerealestate.com Show Phone

Listed by Brent Jaynes · License #BR00008591

Source Crexi

Added: Jan 30 Checked: Jul 17 at 10:39 am

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Investment Insights

Based on property information with market context.

This 73-key Comfort Inn & Suites is located in Goodland, Kansas, benefiting from its location on Interstate 70, approximately 3 hours east of metro Denver. The property benefits from walk-in traffic from I-70. Converted to a Comfort Inn & Suites in 2022, the hotel has experienced revenue growth and competes with the Holiday Inn Express that opened in 2022. The property has attractive topline revenue and net operating income. This is the first time the property has been brought to market. Goodland, Kansas, is a rural community in western Kansas with demand from transient I-70 travel, long-haul trucking, and a strong energy and agribusiness base. It serves as a stopover point for travelers seeking convenient access in a rural market. Onsite EV charging stations provide additional stopover opportunities. The Inn & Suites version of the Comfort Inn brand is a step above a standard Comfort Inn. Given the conversion date of 2022, a minimal Property Improvement Plan (PIP) is expected for the ownership transfer, allowing a new owner to step into cash flow without significant Capex cost or downtime. The property is well-managed and well-maintained.

Key Highlights

• Prime location directly off Interstate 70, capturing significant transient traffic.
• Recently renovated (2022) to Comfort Inn & Suites, resulting in revenue growth.
• Minimal Property Improvement Plan (PIP) expected due to recent conversion, allowing for immediate cash flow.

Property Analytics

Property Profile Location Intelligence

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FAQs

What type of property is this?

Hotel - 73-key hotel with strong revenue and convenient I-70 access.

Where is this hotel located?

The property is located at 2631 Enterprise Rd Goodland, KS.

What is the asking price?

The asking price for this property is $5,900,000.

What are key features of this property?

This property features: Prime location directly off Interstate 70, capturing significant transient traffic.; Recently renovated (2022) to Comfort Inn & Suites, resulting in revenue growth.; Minimal Property Improvement Plan (PIP) expected due to recent conversion, allowing for immediate cash flow.