1716 Jefferson St Jefferson City, MO 65109

This 70-key Quality Inn & Suites in Jefferson City, Missouri, presents a compelling investment opportunity. Built in 1995 and situated on Highway 54, this well-maintained hotel boasts a prime location within the state capital, benefiting from a strong demand driven by state government employment (nearly 15,000) and Lincoln University (over 1,700 students). The property features a variety of suite types, including those with whirlpools and wet bars. Guest rooms are equipped with refrigerators, microwaves, 40-inch flat-panel televisions, Wi-Fi, and sleeper sofas. Amenities include an indoor pool and spa, complimentary hot breakfast, a fitness center, a business center, and a large meeting room suitable for diverse events. Recent improvements include updated hallway carpets, draperies, paint, knockdown stucco, HVAC units, LED lighting, exterior paint, a new security camera system, a new key card system, a renovated pool area, and a new hot water heater. The Jefferson City hotel market is experiencing a strong rebound from the pandemic, with 2023 year-to-date revenue trending 12% higher than the same period in 2022 and approaching pre-COVID performance levels exceeding $1.2 million in revenue, 60% occupancy, and an $85 average daily rate (ADR). The asking price is $3,850,000, representing a price per key of $55,000. This property offers a solid foundation for future growth and profitability within a thriving market.