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Candlewood Suites Junction City Fort Riley 100 Hammons Dr 83 Room Hotel Junction City, KS 66441 $6,000,000 ($72,289/Room) 7.20% Cap Rate
Investment Highlights
- Built in 2007 and maintained by the same owner since opening.
- Located minutes from I-70, Kansas State University, and Fort Riley Army Base.
- 83-room, IHG-flagged, limited-service hotel with established brand recognition.
- Amenities include laundry facilities, fitness center, and outdoor sports courts.
Executive Summary
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.
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.
Property Facts
| Price | $6,000,000 | Lot Size | 2.70 AC |
| Price Per Room | $72,289 | Building Size | 36,796 SF |
| Sale Type | Investment | No. Rooms | 83 |
| Cap Rate | 7.20% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2007 |
| Property Subtype | Hotel | Parking Ratio | 1.71/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | HOTEL/MOTEL - HOTEL/MOTEL | ||
| Price | $6,000,000 |
| Price Per Room | $72,289 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.70 AC |
| Building Size | 36,796 SF |
| No. Rooms | 83 |
| No. Stories | 3 |
| Year Built | 2007 |
| Parking Ratio | 1.71/1,000 SF |
| Corridor | Interior |
| Zoning | HOTEL/MOTEL - HOTEL/MOTEL |
Amenities
- Business Center
- Fitness Center
- On-Site Retail
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 83 | $119.00 | - |
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Property Taxes
| Parcel Number | 111-12-0-10-09-004.01-0 | Improvements Assessment | $700,780 |
| Land Assessment | $48,235 | Total Assessment | $749,015 |
Property Taxes
Parcel Number
111-12-0-10-09-004.01-0
Land Assessment
$48,235
Improvements Assessment
$700,780
Total Assessment
$749,015
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Candlewood Suites Junction City Fort Riley | 100 Hammons Dr
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