Hampton Inn McPherson KS
MOTIVATED PARTNERS, PREMIUM BRAND AT LESS THAN $91K PER KEY
Marketing description
MOTIVATED SELLER. BUY A NEWER PREMIUM BRAND FOR A PRICE LESS THAN $91K PER KEY, LESS THAN TWO THIRDS THE COST OF NEW. CONSTRUCTION.
The market has stabilized from the new competition, a CWS that opened in 2023.
The Hampton Inn was opened in late 2016. It is located in the east side of McPherson near most of the new development in town, and within walking distance to many restaurants and newer retail outlets, including a Walmart Supercenter. McPherson College and McPherson Museum & Foundation are nearby. Interstate I-135, is a half mile away and is a heavily traveled central KS interstate, which connects I-70 at Salina to I-35 in Wichita. Love's has recently opened one of its larger travel plazas at the same I-135 interchange. The hotel has been and is a nice revenue producer.
McPherson is a thriving town of 14,000 is located about half-way between Salina and Wichita and has a draw area of nearly 500,000 within 60 miles. For its size, McPherson is one of the most diverse business towns in the country. Due to its central location in the country, McPherson has become a leader in pharmaceuticals, plastics, energy, and equipment manufacturing. McPherson County boasts several national & international companies, including the following:
- Pfizer (pharmaceuticals)
- Johns Manville (insulation)
- Certainteed (insulation/plastics)
- Columbia (windows/doors)
- CHS (refinery)
- Williams Energy (supplier)
- Bradbury (manufacturing)
- Milacron (plastics)
- Viega (plumbing systems)
- Grasshopper (mowers)
For additional information on the business community in McPherson and the local area, please use the following links:
https://www.mcphersonindustry.com/
In addition to the thriving business climate, McPherson also features two 4-year colleges, McPherson College, and Central Christian College. Hutchinson Junior College also has a satellite location in McPherson. Finally, McPherson has been recognized nationally for its livability and business climate. Here are a few examples:
- "Best 50 Places to Live In America" ......USA Today
- "Where Small Town American Is Thriving" ......Forbes
- "Top 10 Affordable Small Towns Where You'd Actually Want to Live".... Realtor.com
To submit a CA electronically, click on the following link, then scroll to the BUYER CA tab:
Investment highlights
This newer Hampton is located in one of the better business towns in the Midwest. Enjoy the name recognition you will get with this premium flag, while priced at $91K/key and 40% below today's new construction costs. Its interstate location is near the most recent retail development in McPherson, including a Super Walmart and new retail businesses.
- Opened late 2016, buy a newer premium brand for 2/3s of today’s replacement costs.
- The market has stabilized from the opening of a Candlewood in 2023.
- Priced at less than $91K/key. “All in” costs, with PIP, will still be 40% below today's new construction costs.
- Local refinery boosts revenue by $200K every 3 to 4 years.
- Revenue is stabilizing after the opening of new competition.
- 4 stories
- Very popular kitchenette suites
- Smoke free
- Strong commercial location, near I-135
- Rated #1 of 8 hotels in the market on TripAdvisor, ahead of newer a Fairfield Inn & Suites and a BW Plus, and a Holiday Inn Express
- Fitness Center
- Meeting Room
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