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The Lodge At Russell 901 S Fossil St 64 Room Hotel Russell, KS 67665 $1,317,669 CAD ($20,589 CAD/Room)
Investment Highlights
- 64 Room, 2 Story, Independent Hotel
- Absentee Owned for Over 10 Years; Strong Upside Potential for an Onsite Operator
- Located on Interstate 70 Between Denver, CO and Kansas City, KS
- 3-Year Average Revenue $380,000; Priced at 2.5X Revenue
- Manager's Apartment Available
Executive Summary
The Lodge at Russell is a 64 room independent hotel located in Russell, KS. Russell is located on interstate 70 between Denver, CO and Kansas City, KS. Several highways converge in Russell making it a convenient hub for travelers. The hotel is highly rated by guests and benefits from many repeat customers.
The hotel is made of solid concrete block construction with brick veneer. Ownership maintains the property in great condition.
Ownership is absentee and has owned the hotel for over 10 years. They operate the business with a full staff: approximately 4 front desk, 3.5 housekeeping, 1 maintenance, 1 manager. There is upside opportunity for a hands-on operator.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
The hotel is made of solid concrete block construction with brick veneer. Ownership maintains the property in great condition.
Ownership is absentee and has owned the hotel for over 10 years. They operate the business with a full staff: approximately 4 front desk, 3.5 housekeeping, 1 maintenance, 1 manager. There is upside opportunity for a hands-on operator.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
Property Facts
| Price | $1,317,669 CAD | Building Size | 27,208 SF |
| Price Per Room | $20,589 CAD | No. Rooms | 64 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1969/1992 |
| Property Subtype | Hotel | Parking Ratio | 1.53/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 4.00 AC | ||
| Zoning | C-2 | ||
| Price | $1,317,669 CAD |
| Price Per Room | $20,589 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.00 AC |
| Building Size | 27,208 SF |
| No. Rooms | 64 |
| No. Stories | 2 |
| Year Built/Renovated | 1969/1992 |
| Parking Ratio | 1.53/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 64 | $127.61 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $199,784 CAD | |
| Land Assessment | $55,536 CAD | Total Assessment | $255,320 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$55,536 CAD
Improvements Assessment
$199,784 CAD
Total Assessment
$255,320 CAD
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The Lodge At Russell | 901 S Fossil St
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