Comfort Inn & Suites
Update: Fee Simple Title, Attractive Cash Flow, Minimal PIP Expected.
Marketing description
This 73 key Comfort Inn & Suites, located in Goodland KS, benefits from its ideal Interstate 70 location, just 3 hours east of metro Denver. It is offered individually or as a 2-property portfolio, along with the adjacent Holiday Inn Express & Suites (75 keys). To view the portfolio, click here: https://platform.reverecre.com/project/87a98738-ee97-4326-b638-d36ba2abe15e
As one would expect, not only does the Comfort benefit from a premium brand, but also extensive walk-in traffic from I-70. The hotel was converted to a Comfort Inn & Suites in 2022, and the revenue has ramped up nicely, and has competed quite well with the opening of the new Holiday Inn Express (2021). The nice ramp-up has resulted in attractive topline revenue and appealing net operating income. This has been a one owner property since it was built, and it is the first time to market.
Goodland KS is a rural community in western KS, with stable demand from transient I-70 travel, long haul trucking, and a strong energy and agribusiness base. Only 3 hours from the metro Denver area, it is considered a great stopover point for those not wishing to stay in a metro area, including those wishing to seek the easy and convenient access of a rural market. In addition, additional stopover opportunities are created by a bank of onsite EV charging stations (by Tesla).
The Inn & Suites version of the Comfort Inn brand is considered a step above a standard Comfort Inn, and one will see why with a site visit. Given the conversion date of 2022, one would expect a minimal PIP for the ownership transfer, which means that a new owner can step into cashflow without significant Capex cost, and the inconvenience and downtime of a major PIP. A site visit will show two properties that are well managed and well maintained.
Investment highlights
- 73 keys, built 2007. (A newer and adjacent HIEX (opened 2022) can also be purchased along with the Comfort.)
- T-12 revenue is now nearly $1.9M and still increasing each month in 2026.
- Converted in 2022, including new sleeping areas. Minimal PIP expected
- New roof 2025
- Priced at less than $81K per key for a recently converted top brand
- Attractive in-place cash flow of $620K (YE 2025)
- Partial tax abatement through 2030.
- Ideal profit opportunity for an onsite owner/operator or onsite partner operator
- Demand is created by heavily traveled I-70, and a strong agribusiness and energy economy
- Features a variety of suites, with separate sitting areas
- Onsite EV charging stations (Tesla) also create stopover opportunities for transient travelers
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