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150 E Poyntz Ave
Manhattan, KS 66502
Quality Inn & Suites Manhattan · Hospitality Property For Sale
·
33,588 SF
Property Facts
| Property Type | Hospitality | Building Size | 33,588 SF |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | B | Year Built/Renovated | 2000/2004 |
| Lot Size | 1.83 AC | Corridor | Interior |
| Zoning | C-5 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.83 AC |
| Building Size | 33,588 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2000/2004 |
| Corridor | Interior |
| Zoning | C-5 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 150 E POYNTZ AVE , MANHATTAN, KS 66502
The Quality Inn Manhattan is a 65-room, interior corridor, limited service hotel located in Manhattan, Kansas. This midscale hotel was built in 1999 and is three stories tall. The hotel was built as a Comfort Inn, however, was converted into a Quality Inn in early 2010. Room amenities include refrigerator, microwave, work desk and WiFi access. Common area amenities include a heated indoor pool with spa, fitness center, wireless high-speed internet and a business center. Quality Inn Manhattan is offered below replacement cost at $57,962 per key or $3,750,000. The property has consistently produced over $1,000,000 in yearly room revenue over the past several years. Based off the October 2016 trailing 12 months room revenue, the hotel is being offered at a 3.57 times room revenue multiplier. A new owner will have an opportunity to reduce the current absentee owner's expenses and improve sales through local marketing efforts. Manhattan is located in northeastern Kansas and is the county seat of Riley County. It is not only home to Kansas State University and Fort Riley, but also to diverse high-tech, scientific and service-related businesses. The Quality Inn Manhattan is also close to many local attractions, including the Manhattan Tower, Sunset Zoo and Fort Riley.
Property Taxes
| Parcel Number | 314-17-0-20-04-001.00-0 | Improvements Assessment | $190,558 |
| Land Assessment | $293,303 | Total Assessment | $483,861 |
Property Taxes
