Candlewood Suites in Junction City, Kansas, presents an opportunity to acquire an IHG-flagged, limited-service hotel strategically located near major demand drivers. Built in 2007 and under the same ownership since inception, this 83-room property offers a well-maintained structure with readiness for a Property Improvement Plan (PIP).
The hotel benefits from its proximity to Interstate 70, Kansas State University, and Fort Riley Army Base, ensuring a steady flow of leisure and business travelers. On-site amenities include a laundry room, fitness center, and access to tennis and basketball courts, enhancing guest satisfaction and length of stay.
This asset is positioned for investors seeking a stable hospitality property with brand affiliation and upside potential through operational enhancements and PIP completion. Offered at $6,000,000 with a CAP rate of 7.2%, the property provides an attractive entry point into a strong regional market with consistent lodging demand.