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2725 Enterprise Rd, Goodland, KS 2631 Enterprise Rd., Goodland, KS
TWO PROPERTY PORTFOLIO - Holiday Inn Express & Suites + Comfort Inn & Suites
Asset ClassHotel & Hospitality
# Keys148
Cap Rate: 10%# Keys: 148Access Data Room
UPDATE & CORRECTION: FEE SIMPLE TITLE IS BEING OFFERED, NOT LEASEHOLD. DON'T LET THE SMALL MARKET STOP YOU!!......LOOK AT THE SUPRISING REVENUE AND THE RESULTING IMPRESSIVE NET INCOME. MINIMAL PIPs EXPECTED.
overview of deal

Overview

Fee simple title is being offered on the Holiday Inn Express & Suites (75 keys) is being offered together with the adjacent Comfort Inn & Suites (73 keys). Portfolio Price is $16,400,000, 148 total keys. (HIEX not offered individually).   The Holiday Inn Express opened in 2021 and Comfort Inn & Suites (a former Holiday Inn Express) was built in 2007 and converted in 2022.  Both hotels have ramped up nicely, especially noting the Comfort, when one considers the opening and impact of the Express.   Goodland has proved to be an overlooked and surprising revenue gem, in that the Express demonstrates exceptional topline income and net operating income with both hotels showing revenue increases for 2026.  The hotels are offered as a package, or the Comfort Inn can be purchased individually.   Given the newness of both properties, the expected PIPs should be minimal.  The summary for the Comfort Inn & Suites (and access to the document vault) can be viewed individually, by clicking here: https://platform.reverecre.com/project/8b27807e-8d6b-4ea8-a8b1-0cc97f545db3

 

Fee simple title, not leasehold interest, is being offered on both hotels.  Both hotels benefit from partial RE tax abement through 2030. The Express property also benefits from a 22 year, 2% community improvement district (CID), which contributes directly to the net income.

 

Goodland KS is a rural community in western KS, with a surprising and stable demand from transient I-70 travel, long haul trucking, and a strong energy and agribusiness base.   Only 3 hours from the metro Denver area, it is considered a great stopover point for those wishing to not stay in a metro area, including those seeking the easy and convenient access of a rural market.  In addition, additional stopover opportunities are created by a bank of onsite EV charging stations (Comfort Inn site).  Both hotels experience a high level of walk-in traffic.

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Investment Highlights

  • 148 keys combined (75 for the Express and 73 for the Comfort Inn)
  • Fee simple title, not leasehold interest, as originally posted
  • The Express is NOT offered individually
  • Offered at $16,400,000 for the portfolio, which is over a 10% cap based on combined, in-place revenue and Net Operating Income
  • The adjacent Comfort Inn & Suites can be purchased individually
  • Express Opened 2021, Comfort Inn converted in 2022
  • Express demonstrates impressive Occupancy and ADR. The Comfort has ramped up nicley, especially in view of the opening of the Express
  • The Express shows exceptional revenue and NOI
  • The Express boasts a RevPar of $104, and the combined RevPar is nearly $90 and is increasing
  • Monthly evenue increases for both hotels YTD 2026
  • Nearly $1.7M in Net Operating Income between the two hotels
  • Includes a 2% CID reimbursement (Community Improvement District, applies to the Express)
  • Partial RE tax abatement until Dec 2030
  • Interstate (I-70) location (results in significant walk-in traffic)
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2725 Enterprise RdGoodland, KS 67735

Brent Jaynes

13000 W 87th Street Pkway, Suite 108, Lenexa, KS

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