Overview
CORRECTION & UPDATE: FEE SIMPLE TITLE, NOT LEASEHOLD INTEREST IS BEING OFFERED. YTD 2026
This 73 key Comfort Inn & Suites, located in Goodland KS, benefits from its ideal Interstate 70 location, just 3 hours east of metro Denver. As one would expect, not only does the hotel benefit from a premium brand, but also extensive walk-in traffic from I-70. The hotel was converted to a Comfort Inn & Suites in 2022, and the revenue has ramped up nicely, and has competed quite well with the opening of the new Holiday Inn Express (2022). The nice ramp-up has resulted in attractive topline revenue and appealing net operating income. This has been a one owner property since it was built, and it is the first time to market.
Goodland KS is a vibrant rural community in western KS, with 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 not wishing to stay in a metro area, including those wishing to seek the easy and convenient access of a rural market. In addition, additional stopover opportunities are created by a bank of onsite EV charging stationsThe Inn & Suites version of the Comfort Inn brand is considered a step above a standard Comfort Inn, and one will see why with a site visit. Given the conversion date of 2022, one would expect a minimal PIP for the ownership transfer, which means that a new owner can step into cashflow without significant Capex cost, and the inconvenience and downtime of a major PIP. A site visit will show a property that is well managed and well maintained.
The Comfort can also be purchased as part of a 2 property portfolio, along with the adjacent Holiday Inn Express (75 keys, opened 2021). To view the portfolio deal page, click here: https://platform.reverecre.com/project/87a98738-ee97-4326-b638-d36ba2abe15e
Investment Highlights
CORRECTION AND UPDATE: FEE SIMPLE TITLE, NOT LEASEHOLD INTEREST, IS BEING OFFERED. YTD 2026 MONTHLY REVENUE HAS INCREASED $100K.
DON'T LET THE SMALL MARKET STOP YOU!!......LOOK AT THE INCREASING REVENUE!! NOW LESS THAN 3x REVENUE AT THE ASKING WITH MINIMAL PIP EXPECTED.
Step into immediate cash flow without significant Capex expense. Converted in 2022, this superior Choice brand has ramped up nicely and demonstrates increasing and attractive topline revenue, resulting in appealing cash flow. Partial tax abatement in place through 2030.
- 73 keys, built 2007, T-12 revenue nearly $2M
- Now offered at less than 3X revenue; 10+ cap rate
- Monthly revenue still increasing. A new HIEX is already in the market (opened 2022)
- Converted in 2021, including new sleeping areas. Minimal PIP expected
- New roof 2025
- Priced at less than $81K per key for a recently converted top brand
- Attractive in-place cash flow of $620K (YE 2025)
- Partial tax abatement through 2030.
- Ideal profit opportunity for an onsite owner/operator or onsite partner operator
- Demand created by heavily traveled I-70, and a strong agribusiness and energy economy
- The Inn and Suites version of Comfort Inn is typically more attractive to investors
- Features a variety of suites, with separate sitting areas
- Onsite EV charging stations (Tesla) also create stopover opportunities for transient travelers
- Can be purchased with the adjacent Holiday Inn Express & Suites (75 keys). To view the portfolio summary, click here: https://platform.reverecre.com/project/87a98738-ee97-4326-b638-d36ba2abe15e
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