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Comfort Inn & Suites Goodland 2631 Enterprise Rd 73 Room Hotel Goodland, KS 67735 $5,900,000 ($80,822/Room) 10.51% Cap Rate
Investment Highlights
- Converted and upgraded in 2022 to a Comfort Inn & Suites prototype, minimizing near-term capital expense.
- Attractive projected NOI of $620K and T-12 revenues over $2 million, with continued upward performance trends.
- Located directly along Interstate 70 with strong transient traffic volume and access to EV charging stations for Tesla vehicles.
- Favorable price point at less than $81K per key, offering a cost-effective entry into a premium branded asset.
- Partial tax abatement through 2030 with fee simple title conversion upon expiration of the abatement period.
- Variety of suites with expanded seating areas to appeal to extended-stay guests and diverse traveler profiles.
Executive Summary
This 73-key Comfort Inn & Suites presents an exceptional investment opportunity with strong operating performance and immediate cash flow. Located in Goodland, Kansas, along the heavily traveled Interstate 70 corridor, the hotel benefits from high visibility and convenient access to transient traffic and regional travelers. Only three hours from Denver, the property serves as an ideal stopover for long-haul trucking and travelers seeking accommodations outside major metro areas.
Converted to the Comfort Inn & Suites brand in 2022, the hotel underwent significant updates during the reflagging process, including new sleeping areas, leaving minimal Property Improvement Plan (PIP) requirements for a new owner. A new roof is scheduled for installation in 2025, ensuring continued durability. Attractive in-place NOI of approximately $620,000 (YE 2025) and trailing twelve-month revenue exceeding $2 million highlight the asset's operational strength.
The property also features a favorable tax structure, with a partial real estate tax abatement in place through 2030. At expiration, the developer’s leasehold interest converts to fee simple title, further enhancing long-term value. Positioned in a market driven by agribusiness, energy, and interstate travel, and supported by the Comfort Inn & Suites upper midscale brand, this asset offers exceptional value at under $81K per key—well below replacement cost.
Converted to the Comfort Inn & Suites brand in 2022, the hotel underwent significant updates during the reflagging process, including new sleeping areas, leaving minimal Property Improvement Plan (PIP) requirements for a new owner. A new roof is scheduled for installation in 2025, ensuring continued durability. Attractive in-place NOI of approximately $620,000 (YE 2025) and trailing twelve-month revenue exceeding $2 million highlight the asset's operational strength.
The property also features a favorable tax structure, with a partial real estate tax abatement in place through 2030. At expiration, the developer’s leasehold interest converts to fee simple title, further enhancing long-term value. Positioned in a market driven by agribusiness, energy, and interstate travel, and supported by the Comfort Inn & Suites upper midscale brand, this asset offers exceptional value at under $81K per key—well below replacement cost.
Property Facts
| Price | $5,900,000 | Building Size | 44,808 SF |
| Price Per Room | $80,822 | No. Rooms | 73 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 10.51% | Year Built | 2007 |
| Property Type | Hospitality | Parking Ratio | 2.01/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 3.30 AC | ||
| Zoning | 201 | ||
| Price | $5,900,000 |
| Price Per Room | $80,822 |
| Sale Type | Investment |
| Cap Rate | 10.51% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.30 AC |
| Building Size | 44,808 SF |
| No. Rooms | 73 |
| No. Stories | 3 |
| Year Built | 2007 |
| Parking Ratio | 2.01/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | 201 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 17 | $132.00 | - |
| Guest Room | 56 | $110.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 159-30-0-00-00-002.01-0 | Improvements Assessment | $2,528,400 |
| Land Assessment | $235,000 | Total Assessment | $2,763,400 |
Property Taxes
Parcel Number
159-30-0-00-00-002.01-0
Land Assessment
$235,000
Improvements Assessment
$2,528,400
Total Assessment
$2,763,400
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Comfort Inn & Suites Goodland | 2631 Enterprise Rd
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