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Best Western - Red Baron Automatic Transfer

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Property Overview

Room revenues continue to show strength with the trailing 12 months multiplier at 2.77x. Out-of-state absentee owner also is selling the Rodeway Inn (ex BW) one mile away. A proposed coal plant in the area has been approved by the Govenor and is expected to be a significant demand generator.

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:
$2,235,000
Location:
Southwest corner at the junction of US Hwys 50 & 83 and US Hwy 400.,Garden City
Property Description:
Limited Service
Number of Rooms:
68
Major Source of Business:
Commercial, highway travellers, weekends, special events and groups
Site Size:
5.57+/- acres
Year Built:
1976
Last Year Renovated:
Unknown
Common Area Amenities:
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:
2007 Year Ending
  • 57.90%
  • $54
  • $288,377
  • $774,542
  • $32,868
  • 2.89
  • 7.75
  • $11,390
  • 12.90%
2006 Year Ending
  • 49.50%
  • $54
  • $214,925
  • $591,183
  • $32,868
  • 3.79
  • 10.40
  • $8,694
  • 9.60%
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Location

2205 E Highway 50


Garden City, Kansas 67846

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

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