*CLOSED* former Rodeway Inn Hays 3404 Vine St 87 Room Hotel Hays, KS 67601 $1,200,000 ($13,793/Room)
INVESTMENT HIGHLIGHTS
- Excellent location off I-70
- Close to major demand generators
- City of Hays recognized as Best Small Cities to Live in by BestPlaces.net
EXECUTIVE SUMMARY
• Closed as of 9/1/2024
• Under $14K per unit asking price
• Absentee out of state owner
• Excellent location in great city
• Substantial upside for an owner operator / hands on ownership
This Choice Hotels branded Rodeway Inn in Hays, KS is an 87-room, 2-story exterior corridor hotel with 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.
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.
Please contact Peter Holmes for all tours. Please do not visit the hotel without signing a CA & making an appointment with the listing broker.
• Under $14K per unit asking price
• Absentee out of state owner
• Excellent location in great city
• Substantial upside for an owner operator / hands on ownership
This Choice Hotels branded Rodeway Inn in Hays, KS is an 87-room, 2-story exterior corridor hotel with 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.
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.
Please contact Peter Holmes for all tours. Please do not visit the hotel without signing a CA & making an appointment with the listing broker.
PROPERTY FACTS Under Contract
| Price | $1,200,000 |
| Price Per Room | $13,793 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.41 AC |
| Building Size | 24,108 SF |
| No. Rooms | 87 |
| No. Stories | 2 |
| Year Built | 1974 |
| Tenancy | Single |
| Parking Ratio | 4.65/1,000 SF |
| Corridor | Exterior |
| Zoning | R1 |
AMENITIES
- Pool
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 87 | $47.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 138-27-0-20-02-009.00 | Improvements Assessment | $231,978 |
| Land Assessment | $130,575 | Total Assessment | $362,553 |
