See all 16 photos
16 photos
$5,100,000
$5,100,000
Est. payment /mo
99 Beds
UPDATED:
Key Details
Sold Price $5,100,000
Property Type Hospitality
Listing Status Sold
Purchase Type For Sale
Sold Date 06/26/24
Bedrooms 99
Property Description
Reco Real Estate Advisors represents hotel for sale; Quality Inn - Lawrence KS, represents a prime investment in the hospitality industry. This hotel, featuring 99 well-maintained rooms, has consistently demonstrated strong revenue performance, making it an attractive prospect for investors and hotel operators.
Located in the thriving city of Lawrence, one of the top 10 most populous cities in Kansas, the hotel enjoys a strategic position. Lawrence is home to major institutions like the University of Kansas and Lawrence Memorial Hospital, which drive a steady influx of visitors to the city. This ensures a consistent demand for accommodation, benefiting the hotel's occupancy and revenue.
An additional advantage for this property is its proximity to Kansas City, a significant economic hub just 30 minutes away. Kansas City is home to several Fortune 500 companies, attracting a diverse professional crowd. The Kansas City International Airport (MCI) further boosts the area's accessibility, with millions of travelers passing through annually. The city's vibrant arts scene and events, including concerts and cultural festivals, also draw leisure travelers, expanding the potential customer base for hotels in the region, including Quality Inn.
This investment opportunity is especially appealing for owner-operators looking to directly manage their investment or investors seeking to add a well-performing asset to their portfolio.
Located in the thriving city of Lawrence, one of the top 10 most populous cities in Kansas, the hotel enjoys a strategic position. Lawrence is home to major institutions like the University of Kansas and Lawrence Memorial Hospital, which drive a steady influx of visitors to the city. This ensures a consistent demand for accommodation, benefiting the hotel's occupancy and revenue.
An additional advantage for this property is its proximity to Kansas City, a significant economic hub just 30 minutes away. Kansas City is home to several Fortune 500 companies, attracting a diverse professional crowd. The Kansas City International Airport (MCI) further boosts the area's accessibility, with millions of travelers passing through annually. The city's vibrant arts scene and events, including concerts and cultural festivals, also draw leisure travelers, expanding the potential customer base for hotels in the region, including Quality Inn.
This investment opportunity is especially appealing for owner-operators looking to directly manage their investment or investors seeking to add a well-performing asset to their portfolio.
Location
State KS
County Douglas
Read Less Info
Listed by Dharam Chaudhari • Reco Real Estate Advisors | KW Realty Partners
REQUEST PROPERTY DETAILS
Dharam Chaudhari
FOUNDER | CEO | License ID: Licensed in KS,MO,IA,NE
FOUNDER | CEO License ID: Licensed in KS,MO,IA,NE