7 Boutique Hotel 1401 W US Highway 54 67 Room Hotel Pratt, KS 67124 $990,000 ($14,776/Room) 14.40% Cap Rate
EXECUTIVE SUMMARY
Beautiful hotel conveniently located on U.S. Route 54, Agriculture, manufacturing, energy production, transportation and logistics, and healthcare are the industry sectors driving the Pratt economy. The hotel caters to a variety of demand generators, workers from the oil and gas industry, seasonal workers and travelers seeking lodging accommodations. It is equipped with high quality furniture in all rooms, some rooms have been renovated with new flooring. This 67-room independent economy-branded asset offers opportunities for first-time buyers or seasoned owner- operators.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $990,000 |
| Price Per Room | $14,776 |
| Sale Type | Investment |
| Cap Rate | 14.40% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.20 AC |
| Building Size | 31,345 SF |
| No. Rooms | 67 |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2000 |
| Parking Ratio | 3.83/1,000 SF |
| Corridor | Interior |
| Zoning | CR |
AMENITIES
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 67 | $42.00 | - |
PROPERTY TAXES
| Parcel Number | 132-04-0-20-04-004.00-0 | Total Assessment | $155,408 (2024) |
| Land Assessment | $29,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $125,908 (2024) | Tax Year | 2023 |
