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Off Market
1/11

11 Des Moines Ave
South Hutchinson, KS 67505


HIGHLIGHTS

  • Lender owned asset with solid concrete and block structure. Possible conversion to monthly apartment rentals
  • Several flags available or operate as independent. There are no extended stay hotels in the market
  • Property has an abundance of usable space, including former restaurant and meeting room
  • Large parcel and ample parking, including truck parking. US Hwy 50 interchange across from a newer LOVE'S Travel Plaza

OVERVIEW

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

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn (Lender owned)

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

57930

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

100

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-2

APN/PARCEL ID

127-25-0-30-20-003.00