NEW PRICE - STR compset shows significant upside potential in occupancy, ADR and RevPar
Foreclosed - Lender owned
95 keys
US Hwy 50 with increasing traffic counts
Across the street from a new LOVE's Travel Plaza
Concrete block construction
2 stories
Indoor atrium pool
3.4 acre site, with ample truck parking
Surestay and Quality Inn PIPs available
Property operates less than 50% of its compset in occupancy and RevPar
Extended stay or monthly rental conversion - there are no extended stay hotels in the market
The hotel was originally built as a full service hotel, with restaurant-bar and a small meeting room. Those have been closed for a period of years, based on the limited service nature of the recent flags. However, these areas do offer additional space or could be refitted for lease. There appears to be a need, locally, for a solid F&B operator.
Hutchinson has historically been a strong hospitality town, and it appears that with the right re-flag, renovation, and re-position, this property could reclaim its position in the compset. The following are examples of the attractions that create demand:
Cosmophere - one of the most complete space museums in the country
Strataca - formerly the Underground Salt Museum, Carey Salt
National JuCo basketball tournament
Annual KS State Fair
Notable area businesses are:
Hutchinson Regional Healthcare
Dillons
Tyson
Siemens Wind Power
Lowen Corporation
Collins Bus Corporation