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31628385
31628383

2920 10th Street, Great Bend, KS 67530 For Sale

BR
IL 471016268
$6,000,000
98 days on market
Updated 7 days ago

Best Western Angus Inn

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 47,986
Units 2
Cap Rate 12.98%
NOI $779,003
Occupancy 56%
Brand/Tenant Best Western
Price per SqFt $125
Class B
Year Built 1977
Year Renovated 2020
Stories 2
Acreage 1.330
Zoning NR06
Parking Spaces 2.50 per 1,000 sq ft
Investment Type Value Add
Occupancy Date 12/31/2025
Ground Lease No
Sale Condition 1031 exchange

Hospitality | 90 Keys | $66,667/key

Marketing description

Great Bend, Kansas, a resilient and industry-driven community, presents a unique opportunity for hotel investment. Located in Barton County, this property enjoys a strategic position in central Kansas, serving as the county seat and regional commercial hub, with convenient access along US-56 and US-281 connecting travelers throughout south-central Kansas, approximately 90 miles west of Wichita.

Great Bend serves as a vital regional hub for agriculture, oil and gas, manufacturing, and healthcare, attracting a steady flow of contractors and corporate travelers. Main business is comprised of oil field workers and energy sector contractors, regional agricultural operations, employers such as Superior Essex and Great Bend Regional Hospital,and institutions including Barton Community College and Barton County government services.

Demographically, Great Bend benefits from a stable industrial base and regular visitation from surrounding communities, creating dependable year-round occupancy. Its position as the commercial center of central Kansas combined with limited hotel competition in the immediate area strengthens the market position of quality accommodations. The area also draws leisure visitors to Cheyenne Bottoms, the largest inland marsh in the United States and a nationally recognized destination for birding, waterfowl hunting, and wildlife recreation. This strategic location positions the hotel to capture both business and leisure travelers, including corporate guests, oil field and agricultural contractors, government workers, and outdoor recreation enthusiasts visiting the region. Great Bend offers a stable and proven hospitality market, making this Best Western Angus Inn investment an attractive and compelling opportunity.

Please do NOT contact the seller or employees directly. Please direct all questions to Vijay Puniani

[email protected]

219-363-1207

Investment highlights

This 90-room Best Western Angus Inn offers a stable investment with strong brand recognition and a multifaceted revenue stream.

The 2-story, interior/exterior-corridor property sits on 1.33 acres and features an indoor pool and spa, meeting room facilities, dry cleaning and laundry service, and an arcade game room.

Located at 2920 10th St in Great Bend, KS, the hotel benefits from its position at the crossroads of major highways, drawing tourists, business travelers, hunters, and outdoor enthusiasts. Great Bend's proximity to Cheyenne Bottoms and the Wetlands and Wildlife National Scenic Byway ensures steady occupancy across

multiple guest segments, making this an attractive opportunity for hospitality investors seeking a proven asset in the heartland of America.

Investment Potential:

This situation presents a compelling opportunity for a new owner, particularly one with fresh ideas and enthusiasm.

The property is ideally suited for a young couple seeking an owner-operated management model, thereby reducing payroll and operating expenses.

By implementing strategic marketing initiatives, a new owner can significantly increase revenue and profitability.

Key Takeaways:

*** Low Down Payment -- 20%

*** Main business is comprised of nature tourists, migratory bird hunters, Cargill and

Tyson Foods contractors, and regional event attendees.

*** The hotel is approximately 84 miles from Dodge City, 90 miles from Wichita, and 252 miles from Kansas City.

*** Ideal for an owner-operated management model to minimize expenses.

*** Strategic marketing can unlock substantial revenue growth.

Please do NOT contact the seller or employees directly. Please direct all questions to Vijay Puniani

[email protected]

219-363-1207

Listing Contacts

BR
IL 471016268

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$779,003.00
$64,916.92/mo

Valuation Metrics

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DSCR
12.98%
Cap Rate
12.98%
ROI

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Additional Information

Name
Brian Reid
License
471016268
Brokerage
BF Realty
Title
Broker of Record
Brokerage Address
1115 S. Main Street, Wheaton, IL 60189
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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