HOLIDAY INN EXPRESS & SUITES GOODLAND
OFFERED AS PART OF PORTFOLIO ALONG WITH THE COMFORT INN & SUITES (148 keys, $16.4M)
Marketing description
This newer Holiday Inn Express & Suites (75 keys) is being offered together with the adjacent Comfort Inn & Suites (73 keys) (offered as a portfolio only, 148 total keys). The Holiday Inn Express is NOT offered individually. The listing price for the portfolio is $16,400,000. The Holiday Inn Express opened in 2021 and Comfort Inn & Suites (a former Holiday Inn Express) was built in 2007 and converted in 2022. Both hotels have ramped up nicely, especially the Comfort, when one considers the opening and impact of the Express.
The hotels are offered as a package, or the Comfort Inn can be purchased individually. Given the newness of both properties, the expected PIPs should be minimal. The summary for the Comfort Inn & Suites can be viewed by clicking here:
https://www.crexi.com/properties/2334231/kansas-comfort-inn-suites
A leasehold interest is being offered on both hotels. The ownership converts to fee simple title in Dec 2030. The hotels both benefit from a partial real estate tax abatement, which expires in Dec 2030. In the State of Kansas, tax abatements are not granted to developers but to cities. Therefore, the City of Goodland holds fee title until the end of the abatement, (2030). At that time, the developer's leasehold interest converts to fee simple title. The Express property also benefits from a 22 year, 2% community improvement district (CID), which contributes directly to the net income.
Goodland KS is a rural community in western KS, with a surprising and 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 wishing to not stay in a metro area, including those seeking the easy and convenient access of a rural market. In addition, additional stopover opportunities are created by a bank of onsite EV charging stations (Comfort Inn site). Both hotels experience a high level of walk-in traffic. Each hotel has demonstrated monthly revenue increases YTD 2026.
Investment highlights
TAKE A LOOK AT THIS!!!
The superior revenue and net operating income from this Holiday Inn Express & Suites and the adjacent Comfort Inn & Suites and will impress you and will overcome any small market hesitation. This portfolio is producing nearly $1.7M in combined net operating income.
To View the Comfort Inn & Suites summary, click here:
https://www.crexi.com/properties/2334231/kansas-comfort-inn-suites
The package is being offered at $16.4M, call cash, for both hotels.
Both hotels benefit from partial tax abatement and the Express enjoys a 22 year, 2% CID (approximately 18 years remain).
- 75 keys, 148 keys when combined with the Comfort Inn & Suites. To view the Comfort Inn & Suites, click the following: (https://www.leisurerealestate.com/property/comfort-inn-suites-goodland-ks/)
- The Express is not offered individually, but as a package with the adjacent Comfort Inn & Suites
- Opened 2021
- The Express shows exceptional revenue and NOI
- Impressive occupancy and ADR
- The Express boasts a RevPar of nearly $104. The combined RevPar is nearly $90 and is increasing
- Nearly $1.7M in Net Operating Income between the two hotels
- Monthly revenue increases for both hotels YTD 2026
- Includes 2% CID reimbursement (Community Improvement District, applies to the Express)
- Latest prototype
- Leasehold interest and partial RE tax abatement until Dec 2030
- Converts to fee simple interest in Dec 2030
- Interstate (I-70) location (results in significant walk-in traffic)
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