Thank you for your interest in the Regency Inn located in Iola, Kansas. This 54-unit, two-story, exterior corridor hotel is located off Highway 54 in the heart of the city. The property has several positive aspects that make it an attractive investment opportunity for potential investors and owner-operators.
The high occupancy and yields are promising indicators, especially with the presence of 21 leases ranging from three to nine months. The lease structure provides a stable income stream. The current owners also established relationships with local businesses, contractors, and corporations that rent rooms on a weekly to monthly basis, which adds another layer of stability to the revenue stream.
The low competition in the area and a great reputation also contributes to the flexibility in maximizing rates to increase the bottom line.
The property also includes a three-bedroom manager apartment, guest laundry, storage facility and truck parking.
Other demand generators include:
• Humbolt Speedway:
• Church voucher programs
• Farmers Markets
• National Guard
• Russell Stover Candies
• Gates Corporation (rubber manufacturing)
• Columbia Metal Products (storm doors & windows)
• TRAMEC, LLC
• Monarch & Ash Grove Cement
• Allen County Community College
• Bowlus Fine Arts Center
• Cedarbrook Golf Course
• Allen County Country Club
• Funston Home
• The Old County Jail
• The Allen County Historical Society Museum
