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- LoopNet Team
115 Us Highway 75
Holton, KS 66436
Red Roof Inn Holton · Hospitality Property For Sale
·
24,585 SF
INVESTMENT HIGHLIGHTS
- Priced Below Replacement Cost at $32,000 Per Key
- Exceptional Net Operating Income of 48.6 Percent or $296,000
- Includes a Three-Bedroom, Two-Bathroom Living Quarters
- Two-Story, 50-Room, Interior and Exterior Corridor Hotel Built in 2008 and Renovated in 2019 Minimal PIP Expected for New Investor
- Revenues Trending Upwards
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1966/2008 |
| Building Class | C | Parking Ratio | 2.97/1,000 SF |
| Lot Size | 4.47 AC | Corridor | Interior |
| Building Size | 24,585 SF | ||
| Zoning | FP | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.47 AC |
| Building Size | 24,585 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2008 |
| Parking Ratio | 2.97/1,000 SF |
| Corridor | Interior |
| Zoning | FP |
AMENITIES
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
ABOUT 115 US HIGHWAY 75 , HOLTON, KS 66436
Property Overview: The Red Roof Inn Holton is a 50-room interior and exterior hotel with a newly replaced roof that was completed in 2019. The Red Roof Franchising, LLC-branded property features a breakfast area, lobby, coin laundry, and a snack center. Each room includes a flat-screen television, desk with ergonomic chair, refrigerator, microwave, and seating area. Location Overview: Holton, Kansas is located in the northeastern part of the state and about 1.5 hours from the Kansas City, Kansas city center and 30 minutes from Topeka, Kansas, the state capital. The Red Roof Inn Holton is positioned on 115 US Highway 75 and the US Highway 70 interchange near some of the top traveler’s destinations. Gaming has a dominant presence in the region and drives market demand to the area. The Golden Eagle Casino and the Prairie Band Casino & Resort both within 15 minutes of the hotel offer dining, golf, and entertainment year-round. Leisure travelers also visit the Heartland Motorsports Park (42 miles) which is a multi-purpose facility that hosts the National Hot Rod Association drag racing annually. The region hosts festivals year-round including the Fall Fest, the Chili Cook-Off in Downtown Holton, and the July Jubilee. The Horton Municipal Airport (26.5 miles) and the Topeka Regional Airport (40.7 miles) are options for travelers visiting the region.
PROPERTY TAXES
| Parcel Number | 092-09-0-20-03-004.01-0 | Improvements Assessment | $132,898 |
| Land Assessment | $76,143 | Total Assessment | $209,041 |
PROPERTY TAXES
