Property Overview

Priced at 2X room revenue and at a 20% CAP rate, this three-story, interior corridor Days Inn is located on a 25.8 +/- acre site including a small private lake. The atrium contains a recently renovated pool, an al fresco style breakfast area and the ability to host small meetings or serve as a pre-function space for the enclosed ballroom which seats 250. Also there is a small bar serving approximately 30 seats which is an excellent guest amenity. The property is the only full service hotel in Kirksville. It meeting space draws from a large trade area and hosts a variety of functions including small regional conventions, business training sessions, reunions, weddings, etc. It is the premier meeting hotel in approximately a 90 mile radius. The Days Inn Kirksville represents an excellent opportunity for an investor to purchase a property with tremendous upside potential. Currently absentee owned, the hotel would benefit from hands on ownership. Additionally, there is the possibility of upbranding the hotel. There are a variety of flags currently available in the market including Best Western, Wyndham Garden, Radisson, etc. Call for additional information and pricing.

Property Highlights

Asking Price$3,095,000
LocationUS Highway 63
Property DescriptionFull Service
Number of Rooms104
Major Source of BusinessAgriculture, University, Manufacturing Plants, Medical Center
Site Size25.8 +/- Acre Site
Year Built 1989
Last Year Renovated 2010
Common Area AmenitiesBreakfast Area, Guest Coin Laundry, Indoor Pool, Sports Bar with Pool Table & 3000 SF Meeting Space

Financial History

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2016 Year Ending
  • $626,770
  • $1,520,142
  • 20.25%