OFFER MEMORANDUM No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein. HUTCHINSON, KS
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OFFER
MEMORANDUM
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions
and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein.
HUTCHINSON, KS
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
40 –rooms Sunset Motel, one of the leading premium and independent economy hotels in Hutchinson, KS, 50 miles North from Kansas largest market, Wichita, Kansas. The renovated motel is available unencumbered by management, nonetheless likely available for licensing with Rodeway Inn (Choice Hotels International), Econo Lodge (Choice Hotels International), America’s Best Value Inn (RLH), Scottish Inns (Hospitality International) Knight’s Inn (RLH), or similar flags upon completion of property Improvement Plan (PIP).
With 40 guest rooms and very SPACIOUS manager’s / living quarters on site, features include air- conditioning / heating, daily housekeeping service, microwaves, refrigerators, BBQ facilities, telephone/ 39” Flat screen TV’s and WiFi access in all of the guest rooms. Over 1 Acer available lot, which is being used for large Truck Parking.
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
The Sunset Motel is the only motel offering both, one & two story buildings- exterior-corridor CLEAN rooms that meet an under-served and unique customer-base that visits and works in the area.
Kansas State Fair is held annually in Hutchinson, Kansas. It starts the Friday following Labor Day in September, and lasts for 10 days. Approximately 350,000 people attend Kansas State Fair each year.
The motel offers significant upside with more strategic management, direct sales efforts, and possibly branding to meet today’s customers’ loyalty redemption programs available through various hotel chains. Today it is operating with stable in-place cash flow. The hotel has potential for increasing the RevPAR upon completion of a PIP and implementation of a more aggressive revenue management strategy.
SUNSET MOTEL 2605 E 4TH AVE HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
The ideal buyer will be an Owner – Operator who completes a “Minimal” renovation on operating efficiencies, thus achieving a stronger bottom-line. Perfect size property to learn the ins-and-outs of the motel / lodging business.
Property situated commercial corridor nearby restaurants, (Taco Bell, Subway, McDonald, Dominos Pizza, Pizza Hut, Papa John’s Pizza, Sonic Drive-in, Braum’s Ice Cream & Burger) and retail businesses such as ( Wal-Mart, Target, Dillon Food Stores, Hutchinson Mall, kohl’s, Tj Max, Walgreens Pharmacy, Auto dealerships and service businesses)
Year End December 2016 Revenues were: $148,590
Year End December 2017 Revenues were: $145,240
Year End December 2018 Revenues were: $159,735
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
This hotel can ne financed through with various lenders at conducive terms.
Owner Finance is also available for qualifying buyers.
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Asking Price: $425,000
$10,500 per room Accepting the BEST offers!
The hotel is located approximately 45 miles from the existing Wichita Airport
(ICT)
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Exterior Building Photos
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Exterior Building Photos
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
Exterior Building Photos
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Double Queen •Double Queen Mattress and Box Springs •Flat Screen TV •Refrigerator / Microwave •Telephone •New Guest Room Lighting
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Double Queen •Spacious Guest Rooms •Complimentary Wireless Internet Access •Individually Controlled Air and Heat •Daily Housekeeping Service •Classic Comfort Chair
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
King Standard
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Triple Queens
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Triple Queens
Guest Bathrooms
Building Features
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Year Open: 1980s Total Guest Suites: 40 Guest Room Mix: Single King: 23 Double Queen: 15 Triple Queen: 2 Corridors: Exterior Floors: One & Two Buildings: Two Elevator: N/A
Hotel Amenities
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
•Free Internet •One Ice Machine- 1st Floor •Guest Laundry – 1st Floor •Meeting Space – N/A •Breakfast Area – N/A •Fitness Room – N/A •Vending Machine – 1st Floor •Swimming Pool – Filled with dirt •Smoke Free rooms available
Business Competition
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Name Year Built Rooms Sunset Motel 1980s 40 Trails West Motel 1970s 40 Astros Motel 1980s 30 Hutchinson Inn 1990s 30 Sunflower Inn 1980s 42
Hotel Competitive set Occupancy: 40-50% ADR: N/A RevPAR: N/A
Contact Seller’s Exclusive Agent:
SUNSET MOTEL 2605 E 4TH AVE
HUTCHINSON, KS 67501
No warranties or representations, expressed or implied is made as to the accuracy of the information contained herein and this information if offered subject to errors, omissions and changes without notice. Purchasers should conduct their own investigations and confirmation of information presented herein
Vishal Patel Vishal Patel
CELL: 985-855-6629 FAX: 620-663-1358
Email: [email protected]
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