Reco Real Estate Advisors exclusively presents Quality Inn By Wyndham with 50 rooms, constructed in 2008, located at the prime intersection of U.S. Highway 400 and U.S. Highway 59 in Parsons, KS. This strategic position offers unparalleled visibility and convenience, ideal for travelers on these major regional thoroughfares. The hotel boasts various amenities, including a swimming pool and fitness room, and has recently undergone significant upgrades such as new carpeting, updated lobby furnishings, new mattresses and bed sets, efficient LED parking lights, a modernized exterior sign, and a new roof, all reinforcing our commitment to high-quality hospitality. The Kansas Area hotel submarket is showing signs of recovery and growth, with a trailing 12-month occupancy rate of 52.9%, the highest in five years, and a 7.9% increase in Revenue per Available Room (RevPAR), indicating robust financial performance and aligning with the market average. Additionally, the vibrant hotel market in Kansas has seen 7 hotel trades in the past year, reflecting steady investor interest and market dynamism. Parsons, characterized by its dynamic and diverse economic environment, is supportive of new businesses and expansions, offering generous city incentive packages, including tax abatement and Rural Opportunity Zones, promoting a business-friendly atmosphere conducive to growth and success.
