Property Detail

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Property Overview

Motivated Seller. Automatic transfer. Located nearby a busy Bosselman's Travel Center. Extensive meeting and banquet space. The hotel has seen consistent improvements made in recent years.

Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com

Property Highlights

Asking Price:
$2,250,000
Location:
Salina is in central Kansas at the junction of I-70 and I-135. It has a population of 45,956. Wichita is 90 miles south and Kansas City is 175 miles to the east.,Salina
Property Description:
Limited Service
Number of Rooms:
108
Major Source of Business:
Commercial, I-70 travelers, weekend / social, and groups.
Site Size:
4.2+/- acres
Year Built:
1973
Last Year Renovated:
Unknown
Common Area Amenities:
Indoor pool and spa, seasonal outdoor pool.

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
  • NOI multiplier:
  • Room Revenue Per Room:
  • Cap Rate:
2008 Year Ending
  • 33.00%
  • $68
  • $93,746
  • $884,003
  • $20,833
  • 2.55
  • $8,185
  • 4.20%
2007 Year Ending
  • 32.00%
  • $67
  • $81,149
  • $833,903
  • $20,833
  • 2.70
  • $7,721
  • 3.60%
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Location

1846 North 9th Street


Salina, Kansas 67401

Listing Broker

Bruce V Holmes, HotelBrokerOne Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com
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Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com