206 W 43rd St - Hospitality FOR SALE


Hays, KS 67601
$7,950,000 USD
405-810-1414
206 W 43rd St, Hays, KS for Sale
$7,950,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

206 W 43rd St
Hays, KS 67601


HIGHLIGHTS

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

OVERVIEW

• 2024 room revenue up $200K • $740K Price Reduction • Offered significantly below replacement • Tremendous upside • Hotel currently operated/owned by a non-hospitality based investor This IHG branded Avid Hotel in Hays, KS, is only 2 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.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$248 USD /SF

# OF ROOMS

79

PRICE/ROOM

$100,633 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avid Hays

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

C-2

APN/PARCEL ID

135-21-0-00-01-016.03-0

ASK ABOUT THIS PROPERTY

Peter HolmesHotelBrokerOneMore Info
405-810-1414

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Peter HolmesHotelBrokerOneMore Info
405-810-1414

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.