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Red Roof Inn
Price:
$1,400,000
Address :
115 US Highway 75 South
Holton, KS 66436
Excellent location on US Highway 75
SBA financing candidate
Ideal size and operating model for owner/operator
Two Apartments could be used for manager’s living quarters or rented for extended—stay
Offered at discount to replacement cost
Limited renovations costs expected
Location/Market
Physical Plant
Financials
Holton, Kansas, the county seat of Jackson County, is approximately 30 miles north of Topeka, the capital of Kansas.
Fort Riley Military Base lies to the west of Holton.
Less than 20 Miles from 3 Casinos—Prairie Band Casino (11.8 miles), Sac & Fox Casino (17.2 miles), and Golden Eagle Casino (19.8 miles)
Close to Regional Demand Generators:
Prairie Lake
Banner Creek Reservoir
Combat Air Museum & Custer House
Heartland Motorsports Park Topeka
Topeka Antique Malls
Kansas State Capitol, Topeka, and Government Offices
Interior corridor 2 Story Building, built in 1997, 30 rooms with office
2 Buildings Built in 1966 & 1997
Exterior corridor 1 story building, built in 1966, 20 rooms with manager's apartment
Concrete Construction
Masonry Façade
Pitched Roof
Concrete Parking Lot
Wireless Internet
Snack Center
Guest Laundry
2 Apartments—1 Two-Bedroom & 1 Three-Bedroom
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Financials
2019
2020
2021
2022
Occupancy
33.83%
55.59%
38.12%
46.43%
Average Daily Rate
$58.05
$56.96
$58.94
$58.95
Room Revenue
$358,390
$579,512
$410,030
$499,462
Net Operating Income
$108,178
$321,828
$103,526
$103,526
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!
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