Rodeway Inn & Suites Emporia

$1,250,000

3183 West US Highway 50, Emporia, KS 66801

Details

  • $1,250,000
  • Economy

Investment Overview:

Marcus & Millichaps National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Rodeway Inn & Suites Emporia. This interior and exterior corridor, 2-story hotel features 45 guestrooms. The exterior corridor portion of this property (30 rooms) was built in 1969, with an additional interior corridor portion (19 rooms) added in 1983 that includes a lobby, meeting space, and indoor pool and hot tub.

This investment opportunity is ideally suited for an owner/operator seeking a well-located and maintained property with great amenities. Recent improvements to this property include new refrigerators (2015, 17 rooms), new microwaves (2015, 17 rooms), new pool heater (2015), new 40″ LED TV’s (2016, 46 rooms), new carpet in all outside rooms (2016), new paint on the outside metal building (2016), new Infinity refrigerator & microwave combo (2016, 16 rooms), new guest coin-operated Whirlpool washer/dryer (2016), new bedding/top sheets (2017, all rooms), and new 12000 BTU Infinity A/C units (2016/2017, 16 rooms).

The amenities of this hotel are unmatched within the economy segment in Emporia. Common area amenities include an indoor heated pool, breakfast area, free WiFi, business center, meeting room for up to 50 people, and truck parking. Room amenities include a coffee maker, microwave, refrigerator, hair dryer, iron and board, and some rooms feature a desk and sitting area.

This hotel also has easy access to many of the area’s attractions and historic landmarks, including Prairie Passage, Granada Theatre, Howe House/Welsh Farm, Lyon County Research Center, and White Rose Antique Mall.

Property Overview:

The Rodeway Inn & Suites Emporia is a 45-room, 2-story interior and exterior corridor hotel located with excellent highway accessibility in Emporia, Kansas. Built in 1969 and renovated/expanded in 1983, this economy hotel features convenient amenities such as an outdoor pool, full breakfast bar with dining area, meeting space, and
business center. Each guest room comes equipped with desk, cable television, microwave, coffee maker, and refrigerator. The property is a well maintained asset with room for increased equity with cosmetic capital improvements.

Location Overview:

Emporia, Kansas lies between Topeka and Wichita at the intersection of U.S. Route 50 with Interstates 335 and 35 on the Kansas Turnpike. This hotel’s location in is ideal for those traveling on business and leisure. Guests can take Interstate 335 straight into Topeka in less than an hour, and the hotel is positioned directly off of Interstate 35. It is just one hour from Wichita, and 1.5 hours from Kansas City. Emporia State University is less than three miles from the subject property and plays a large part in this community’s culture. Emporia is home to a variety of businesses and employers. Such companies located nearby include Interstate Brands, Menu Foods, Tyson, Hopkins and Vektek.

Agent for this listing

Dustin Robinett

Associate, National Hospitality Group
Office: (816) 410-1034
Mobile: (816) 547-8112
Fax: (816) 410-1020
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