- Historically Stable NOI
- Offered Below $90k Per Key
- Vast Majority of the PIP Recently Completed
- Marriott Change-of-Ownership PIP Available
- Recent Renovations Include Items Beyond the Scope of the Marriott PIP, such as the Parking Lot and Pool Deck
- Positive-Trending ADR for the Subject Property and Competitive Set
- Ford County is Ranked a Top-10 "Least Economically Stressed Counties" in the U.S.
- Proximate to National Beef Dodge City, Cargill Protein, Dodge City Roundup Rodeo, Dodge City Raceway Park, Boot Hill Casino, St. Catherine Hospital, and More
INVESTMENT OVERVIEW
Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 120-room TownePlace Suites located in Dodge City, Kansas. The hotel is a four-story property built in 2014.
TownePlace Suites Dodge City provides the opportunity for a new owner to acquire a select-service, extended-stay, core-branded Marriott hotel that has undergone major recent renovations with potential to realize significant RevPAR growth through driving occupancy with renewed sales efforts, hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.
Dodge City is the county seat of Ford County, Kansas, located in the southwestern portion of the state, with an estimated 2026 population of 27,625. Ford County has been ranked among the top 10 "Least Economically Stressed Counties" in the United States; a notable distinction for a small, rural Great Plains county. Dodge City benefits from a low cost of living, a strong and actively diversifying industrial base, and a uniquely diverse population.
The city's economy is driven largely by its meatpacking industry, led by National Beef and Cargill Protein – North America, both of which operate large facilities in Dodge City. The city also hosts farm implement manufacturing and serves as a regional supply center for agriculture. Dodge City is home to the Dodge City Days Festival, the secondlargest community festival in Kansas. The 10-day Western celebration draws upwards of 100,000 visitors from across the country and beyond, generating an estimated $3 million in direct spending and approximately $9 million on Dodge City.
Boot Hill Casino & Resort draws hundreds of thousands of visitors annually, approximately 90% from outside Dodge City, and has contributed over $101 million in tax revenue to the state of Kansas and nearly $10 million to the city and Ford County since its opening.
LISTING AGENT
Robert S. Hunter
Senior Managing Director Investments
Fort Lauderdale Office
P: (954) 245-3473
E: Robert.Hunter@MarcusMillichap.com
BROKER OF RECORD
David Saverin
Kansas
P: (314) 889-2555
Lic #: 00249685
