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Avid Hays 206 W 43rd St 79 Room Hotel Hays, KS 67601 For Sale

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INVESTMENT HIGHLIGHTS

  • 2 years old and in amazing condition
  • Near Fort Hays State University, Cedar Bluff State Park and the Sternberg Museum of Natural History
  • Excellent location off I-70

EXECUTIVE SUMMARY

Highlights:
•  2025 Room Revenue Up $200K
•  Offered Significantly Below Replacement 
•  Tremendous Upside 
•  Hotel Currently Operated/Owned By Absentee Non-Hospitality Investor
This IHG branded Avid Hotel in Hays, KS, is only 4 years old and is in amazing condition. Built as a passive investment by an absentee owner, the 79-room, 4-story interior corridor hotel has an excellent location off I-70. Hays, Kansas is situated between Denver and Kansas City and has consistently been recognized as one of the “Best Small Cities to Live In” by BestPlaces.net due to its high quality of life, affordable cost of living, and strong sense of community.
This hotel is trending up and is below performing far below the comp set and thus has both near and long term upside potential for a new owner.
Hays, Kansas, serves as the idyllic backdrop for the Avid Hotel, offering a blend of Midwestern charm and modern convenience. Nestled in the heart of Ellis County, this vibrant community seamlessly marries small-town warmth with an array of amenities. The hotel is strategically situated, providing easy access to local attractions such as Fort Hays State University, Cedar Bluff State Park and the Sternberg Museum of Natural History. It also has close proximity to historical downtown Hays/Chestnut Street District, where there are a variety of shops, restaurants, and cultural experiences.

PROPERTY FACTS Under Contract

Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.08 AC
Building Size 32,093 SF
No. Rooms 79
No. Stories 4
Year Built 2021
Corridor Interior
Zoning C-2 - General Commercial District

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • On-Site Retail

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 79 $93.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
135-21-0-00-01-016.03
Land Assessment
$110,075
Improvements Assessment
$963,728
Total Assessment
$1,073,803
  • Listing ID: 30911825

  • Date on Market: 2/8/2024

  • Last Updated:

  • Address: 206 W 43rd St, Hays, KS 67601

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