Location: 1401 W. Highway 54
Price: $3,000,000
Rooms: 68
Property Type: Limited Service
Revenue: $993,400 TT ending 11-06

Description

• Variety of Room Types
• Indoor pool
• Indoor Courtyard
• Free High Speed Internet
• 2 Line Phones
• Continental Breakfast
• Keyless Entry
• Coffee Makers
• Hair Dryers
• Irons/Boards
• 25" TV's
• Banquet/Meeting Facility
• Truck Parking

Overview

Located only 50 minutes west of Wichita’s Mid-Continent Regional Airport, this property is the first hotel encountered on eastbound Highway 54. The ownership group has elected to maximize revenue by utilizing contract business, specifically a railroad contract, which has been renewed, in various forms, for the past 10 years. The contract business affords a consistency of income and also allows the owners to operate as an independent hotel, without the burden of franchise fees. The hotel was expanded in 2000, providing nicer accommodations for the transient and corporate traveler. By removing the internal corporate management expenses, the property offers significant cash flow for an owner/operator. Pratt is a regional city with a “pull factor” of 1.3. (1.0 is a benchmark for equal trade coming into and leaving a county. Therefore, more trade dollars come into Pratt County than leave). Pratt also hosts the annual 5 day Miss Kansas Pageant. With employers such as Pratt Regional Medical Center, Pratt Community College and Kansas Dept of Wildlife and Parks HQ, this town of 6,750 is known for its quality of life and regional commerce.

Contact

~ 913-894-5252
info@leisurerealestte.com

Additonal Information