830 W Highway 24
Goodland, KS 67735
Rodeway Inn Goodland · Hospitality Property For Sale · 33,430 SF

Rodeway Inn, Goodland, KS The property was just recently converted to Rodeway Inn. The Hotel will have upside from two factors. 1.) Upside in revenue from joining Choice Reservation System. 2.) New owner operator will also cut cost and operate the hotel more efficiently. Hotel is lacking lacking owner operator, the current owners are absentee and not involved in day to day operations. Hotel needs owner operator mind set, which this property is lacking. The is a great opportunity for a family to acquire property with many improvements for less than 2x current gross revenue and with ability to increase revenue going forward. A typical property for sale for less than 2x times are run down and needing a lot work. This is not that type of Property, it is well kept and maintained. Investment Highlights: - $385K current yearly revenue prior to joining Rodeway Inn - Two Story 68 rooms exterior property - Two living quarters: -- 1st living quarters: 3 bedrooms, 1.5 bath, kitchen, living room. about 1,800 square feet -- 2nd living quarters: 1 bedroom, kitchen, living room. about 700 square feet - Great for first time buyer / owner operator - Well kept up property, not run down List of some of many improvements: 1. Replaced all windows in guestrooms 2. New water line to Meter 3. One new water heater 4. Flat Screen TV’s in all rooms 5. About half the rooms have new PTAC units 6. New roof 7. New RFID locks installed 8. New Washer 9. New Gutters - Don't miss this opportunity - Attractively Priced at 2x gross