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Americas Best Inn Iola 1315 N State St 58 Room Hotel Iola, KS 66749 $1,821,898 CAD ($31,412 CAD/Room)
Investment Highlights
- 58 Room Hospitality Asset ($22,413/Room)
- Restaurant has a renovated meeting hall, including audio and visual setup
- Free continental breakfast, free WiFi, free self-parking, a restaurant, bar/lounge, snack bar/deli, business center, and laundry facilities on-site
- All 58 rooms include air conditioning, in-room refrigerators, microwaves, coffee makers, and premium cable
- All owned FF&E included with the restaurant
- In Place Cash Flow and strong occupany rates
Executive Summary
SALE PRICE: $1,300,000 | 24,613 SF MOTEL
Property Facts
| Price | $1,821,898 CAD | Building Size | 24,613 SF |
| Price Per Room | $31,412 CAD | No. Rooms | 58 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1960/1992 |
| Property Subtype | Hotel | Parking Ratio | 1.59/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 5.03 AC | ||
| Zoning | Hotel/Motel - Hotel/Motel | ||
| Price | $1,821,898 CAD |
| Price Per Room | $31,412 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.03 AC |
| Building Size | 24,613 SF |
| No. Rooms | 58 |
| No. Stories | 1 |
| Year Built/Renovated | 1960/1992 |
| Parking Ratio | 1.59/1,000 SF |
| Corridor | Exterior |
| Zoning | Hotel/Motel - Hotel/Motel |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 58 | $99.50 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 077-26-0-20-04-005.00-0 | Improvements Assessment | $223,172 CAD |
| Land Assessment | $12,169 CAD | Total Assessment | $235,342 CAD |
Property Taxes
Parcel Number
077-26-0-20-04-005.00-0
Land Assessment
$12,169 CAD
Improvements Assessment
$223,172 CAD
Total Assessment
$235,342 CAD
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Americas Best Inn Iola | 1315 N State St
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