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La Quinta Inn & Suites by Wyndham Salina 201 E Diamond Dr 89 Room Hotel Salina, KS 67401 $5,548,782 CAD ($62,346 CAD/Room)
INVESTMENT HIGHLIGHTS
- The primary I-70 exit in Salina, offered at an opportunistic price less than $45K per key
- New 15 year La Quinta franchise agreement will be available, subject to PIP
- Two large travel plazas located on the interchange. Great location for walk-in traffic
- Operates well below its compset in all three STR metrics, indicating upside with renovation
- Other top tier flags are possible, such as Hilton (Spark) and IHG (Garner)
EXECUTIVE SUMMARY
This offering represents an upper mid-market brand at less than $45,000 per key, at a price point to accommodate the expected PIP. The revenue is rebounding, and YTD 2025 is up over $160K and is now offered at 3X is TTM revenue. This hotel operates significantly below its compset in all three STR metrics, which certainly indicates post-renovation upside. One should expect upside with new onsite management and the completion of the PIP.
89 keys
Built 1999
Well priced to sell at less than $45K per key
Rebounding revenue, up 160K YTD
To complete an electronic CA, please use the following link to the Executive Summary, scroll down to BUYER CA, and submit the CA.
https://www.leisurerealestate.com/property/la-quinta-inn-suites-i-70-salina/
New 15 year La Quinta license is available, subject to PIP
Additional top tier flags are possible, Garner (IHG) and Spark (Hilton)
Significantly underperforms the market in all three key metrics, indicating post-renovation upside
I-70 location with limited competition and one mile from the junction of I-135
2 major travel plazas at the same exit
3 Floors
Indoor Pool
Fitness Center
Meeting Room
89 keys
Built 1999
Well priced to sell at less than $45K per key
Rebounding revenue, up 160K YTD
To complete an electronic CA, please use the following link to the Executive Summary, scroll down to BUYER CA, and submit the CA.
https://www.leisurerealestate.com/property/la-quinta-inn-suites-i-70-salina/
New 15 year La Quinta license is available, subject to PIP
Additional top tier flags are possible, Garner (IHG) and Spark (Hilton)
Significantly underperforms the market in all three key metrics, indicating post-renovation upside
I-70 location with limited competition and one mile from the junction of I-135
2 major travel plazas at the same exit
3 Floors
Indoor Pool
Fitness Center
Meeting Room
PROPERTY FACTS
| Price | $5,548,782 CAD | Lot Size | 1.60 AC |
| Price Per Room | $62,346 CAD | Building Size | 44,448 SF |
| Sale Type | Investment | No. Rooms | 89 |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1996/2011 |
| Property Subtype | Hotel | Parking Ratio | 2.25/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C5 - Service Commercial District | ||
| Price | $5,548,782 CAD |
| Price Per Room | $62,346 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.60 AC |
| Building Size | 44,448 SF |
| No. Rooms | 89 |
| No. Stories | 3 |
| Year Built/Renovated | 1996/2011 |
| Parking Ratio | 2.25/1,000 SF |
| Corridor | Interior |
| Zoning | C5 - Service Commercial District |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 17 | $184.26 CAD | - |
| Guest Room | 72 | $140.99 CAD | - |
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PROPERTY TAXES
| Parcel Number | 037-36-0-20-02-009.00-0 | Improvements Assessment | $906,607 CAD |
| Land Assessment | $34,002 CAD | Total Assessment | $940,609 CAD |
PROPERTY TAXES
Parcel Number
037-36-0-20-02-009.00-0
Land Assessment
$34,002 CAD
Improvements Assessment
$906,607 CAD
Total Assessment
$940,609 CAD
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La Quinta Inn & Suites by Wyndham Salina | 201 E Diamond Dr
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