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200 N. Centennial DriveMcPherson, KS 67460
Hampton Inn McPherson KS
Asset ClassHotel & Hospitality
Year Built2016
# Keys: 73# Stories: 4MSA: Topeka KSAccess Data Room
Premium flag, good market, opportunistic price, newer Hampton offered at less than $93K per key
overview of deal

Overview

Leisure Real Estate Advisors, LLC is pleased to announce the offering of this newer Hampton Inn McPherson, and at a reduced price.  It was opened in late 2016.  It is located in the east side of McPherson near most of the new development in town, and within walking distance to many restaurants and newer retail outlets, including a Walmart Supercenter.  McPherson College and McPherson Museum & Foundation are nearby.  Interstate I-135, is a half mile away and is a heavily traveled central KS interstate, which connects I-70 at Salina to I-35 in Wichita.  Love's has recently opened one of its larger travel plazas at the same I-135 interchange.  The hotel has been and is a nice revenue producer.

McPherson is a thriving town of 14,000 is located about half-way between Salina and Wichita and has a draw area of nearly 500,000 within 60 miles.  For its size, McPherson is one of the most diverse business towns in the country.   Due to its central location in the country, McPherson has become a leader in pharmaceuticals, plastics, energy, and equipment manufacturing.   McPherson County boasts several national & international companies, including the following:

  • Pfizer  (pharmaceuticals)
  • Johns Manville  (insulation)
  • Certainteed (insulation/plastics)
  • Columbia (windows/doors)
  • CHS (refinery)
  • Williams Energy (supplier)
  • Bradbury  (manufacturing)
  • Milacron (plastics)
  • Viega (plumbing systems)
  • Grasshopper (mowers)

For additional information on the business community in McPherson and the local area, please use the following links:

https://www.mcphersonindustry.com/

http://gomcpherson.com/

In addition to the thriving business climate, McPherson also features two 4-year colleges, McPherson College, and Central Christian College.  Hutchinson Junior College also has a satellite location in McPherson.  Finally, McPherson has been recognized nationally for its livability and business climate.  Here are a few examples:

  • "Best 50 Places to Live In America" ......USA Today
  • "Where Small Town American Is Thriving" ......Forbes
  • "Top 10 Affordable Small Towns Where You'd Actually Want to Live".... Realtor.com
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Investment Highlights

In the central US, Hampton owners tend to retain Hampton Inns for a long term, so it is somewhat unusual for one to come to market.   In this case, this newer Hampton is reintroduced to the market at a new price and is located in one of the better business towns in the Midwest.   Enjoy the name recognition you will get with this premium flag, while priced at less than $93K/key and 30% below today's new construction costs.   Its interstate location is near the most recent retail development in McPherson, including a Super Walmart and new retail businesses.

  • Opened late 2016
  • Priced at less than $93K/key and 30% below today's new construction costs, even after a modest "refresh" PIP is completed.
  • Revenue is stabilizing after the opening of new competition.
  • Manageable Refresh PIP anticipated
  • 4 stories
  • Very popular kitchenette suites
  • Smoke free
  • Strong commercial location, near I-135
  • Rated #1 of 8 hotels in the market on TripAdvisor, ahead of newer a Fairfield Inn & Suites and a BW Plus, and a Holiday Inn Express
  • Fitness Center
  • Meeting Room
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200 N. Centennial DriveMcPherson, KS 67460
McPherson College
Pfizer
CHS Refinery
Johns Mansville Plant

Sales Team

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Listing provided by Revere CRE