Property Overview
• 2024 room revenue up $200K
• $740K Price Reduction
• Offered significantly below replacement
• Tremendous upside
• Hotel currently operated/owned by a non-hospitality based investor
This IHG branded Avid Hotel in Hays, KS, is only 2 years old and is in amazing condition. Built as a passive investment by an absentee owner, the 79-room, 4-story interior corridor hotel has an excellent location off I-70. Hays, Kansas is situated between Denver and Kansas City and has consistently been recognized as one of the “Best Small Cities to Live In” by BestPlaces.net due to its high quality of life, affordable cost of living, and strong sense of community.
This hotel is trending up and is below performing far below the comp set and thus has both near and long term upside potential for a new owner.
Hays, Kansas, serves as the idyllic backdrop for the Avid Hotel, offering a blend of Midwestern charm and modern convenience. Nestled in the heart of Ellis County, this vibrant community seamlessly marries small-town warmth with an array of amenities. The hotel is strategically situated, providing easy access to local attractions such as Fort Hays State University, Cedar Bluff State Park and the Sternberg Museum of Natural History. It also has close proximity to historical downtown Hays/Chestnut Street District, where there are a variety of shops, restaurants, and cultural experiences.
Property Highlights
| Asking Price | $7,950,000 |
| Location | I-70 |
| Property Description | Limited Service |
| Number of Rooms | 79 |
| Major Source of Business | University, Corporate, Retail, Tourism & Manufacturing |
| Site Size | +/- 2.10 |
| Year Built |
2021 |
| Common Area Amenities | Breakfast area, business center, fitness room, guest laundry, indoor pool & hot tub |