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.