901 S Fossil St - Hospitality FOR SALE


Russell, KS 67665
$950,000 USD
818-851-3315
901 S Fossil St, Russell, KS for Sale
$950,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

901 S Fossil St
Russell, KS 67665


HIGHLIGHTS

  • 64 Room, 2 Story, Independent Hotel
  • 3-Year Average Revenue $380,000; Priced at 2.5X Revenue
  • Absentee Owned for Over 10 Years; Strong Upside Potential for an Onsite Operator
  • Ownership Maintains the Property in Great Condition
  • Manager's Apartment Available
  • Located on Interstate 70 Between Denver, CO and Kansas City, KS

OVERVIEW

The Lodge at Russell is a 64 room independent hotel located in Russell, KS. Russell is located on interstate 70 between Denver, CO and Kansas City, KS. Several highways converge in Russell making it a convenient hub for travelers. The hotel is highly rated by guests and benefits from many repeat customers. The hotel is made of solid concrete block construction with brick veneer. Ownership maintains the property in great condition. Ownership is absentee and has owned the hotel for over 10 years. They operate the business with a full staff: approximately 4 front desk, 3.5 housekeeping, 1 maintenance, 1 manager. There is upside opportunity for a hands-on operator. Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$36 USD /SF

# OF ROOMS

65

PRICE/ROOM

$14,615 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lodge At Russell

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

C-2

APN/PARCEL ID

148-34-0-40-01-009.00-0

ASK ABOUT THIS PROPERTY

Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

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Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.