This property is Off-Market

501 E. Poyntz Ave
Manhattan, KS 66502 ·

72 Rooms · Hotel & Motel For Sale

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Hampton Inn

Price N/A Property Use Type Investment
No. Rooms 72 No. Stories 3
Property Type Hotel & Motel Year Built 1995
Property Sub-type Economy/Limited Service
Listing ID: 17332956 Date Created: 09/14/2011 Last Updated: 06/19/2012

Description

This Hampton Inn offers high cash flow, recent room renovations and a recently completed "Perfect Mix" lobby renovation, at a cost of $145K. It is not required by Hilton until late 2012. There are very few Hampton Inns that have completed this required renovation.

Manhattan, KS is known for Kansas State University, featuring over 25,000 graduate students, undergrads and faculty. The university is a major demand generator for the area. However, Manhattan also features a great mix of business, university and military demand.

Fort Riley is a large military installation only 15 miles from Manhattan It boasts an annual economic impact of over $600 million annually to the local economy. In addtion, after an extensive competition with several other sites nationally, the Department of Homeland Security selected Manhattan as home for the National Bio & Agro-Defense Facility (NBAF). This 650 million dollar, 500,000 sq. ft facility has broken ground and will bring a signficant impact to the area, including construction jobs, high paying technical jobs and the possiblity of attacting a number of support businesses to the area.

The Hampton Inn is near the new area development and is convenient to Kansas State University.

Highlights

  • Newly mandated "Perfect Mix" lobby is completed and provides a fantastic "sense of arrival"
  • New case goods, flatscreen TVs. wallpaper. lamps, & soft seating installed in 2010.
  • Near all major university venues; Near Fort Riley with high per diem
  • 3 floors, interior corridor; Executive Kings with sofa sleeper; Meeting room
  • One bedroon suite with kitchenette Indoor Pool & Hot Tub; Fitness Center
  • Assorted Microwaves and Mini-fridges; 5 minutes to the new NABF facility

Research

501 E. Poyntz Ave, Manhattan, KS 66502 (Riley County)

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