200 Centennial DrMcPherson, KS 67460

For Sale
$6,750,000

Profitable Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional opportunity to acquire a fee-simple, 73-key Hampton Inn in McPherson, Kansas. Built in 2016, this four-story, 1-building hotel sits on a 3-acre lot at 200 Centennial Dr, McPherson, KS 67460. Conveniently located near I-135, a major interstate, and within walking distance of restaurants and retail, including a Walmart Supercenter. The hotel benefits from its proximity to McPherson College, McPherson Museum & Foundation, and a recently opened Love's Travel Plaza. McPherson, a thriving town of 14,000, boasts a diverse business community with numerous national and international companies in pharmaceuticals, plastics, energy, and equipment manufacturing, including Pfizer, Johns Manville, and CertainTeed. The area's strong economy and central location contribute to the hotel's consistent revenue generation. The hotel features amenities such as a fitness center and meeting room, and boasts kitchenette suites. Currently ranked #1 of 8 hotels in the market on TripAdvisor, this smoke-free property presents a compelling investment opportunity, priced at under $93,000 per key and 30% below current new construction costs. While revenue is stabilizing after the opening of new competition, a manageable refresh is anticipated. This stabilized investment offers a rare chance to own a premium-branded hotel in a high-growth market. The asking price is $6,750,000.

Highlights

  • Fee-simple, 73-key Hampton Inn built in 2016, priced at under $93,000 per key and 30% below new construction costs.
  • Located in McPherson, Kansas, a thriving town with a diverse business community, near I-135 and major retail, including a Walmart Supercenter.
  • Currently ranked #1 out of 8 hotels in McPherson on TripAdvisor, outperforming newer competitors.
  • Features include kitchenette suites, a fitness center, and a meeting room; the property is smoke-free.
  • A manageable refresh is anticipated, with revenue stabilizing after recent competition.

Property Details for 200 Centennial Dr

Property type
Other hospitality properties, Hotels
Year Built
2016
Buildings
1
Stories
4
Lot Size (sq. ft)
130,680 SF

Location Insight

City
McPherson
County
McPherson
State
Kansas
Latitude
38.37165339
Longitude
-97.62926212
200 Centennial Dr, McPherson, Kansas

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200 Centennial Dr
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