Holiday Inn Express & Suites | Olathe South

15475 South Rogers Road,,
Olathe, KS 66062

 

$8,200,000
Offering Price
$539,400
NOI
6.58%
Cap Rate
4.66
RRM
71
Total Rooms
$115,493
Price Per Key
$8,200,000
Offering Price
$539,400
NOI
6.58%
Cap Rate
4.66
RRM
71
Total Rooms
$115,493
Price Per Key

INVESTMENT SUMMARY

  • Globally recognized brand: Holiday Inn Express is part of IHG Hotels & Resorts, boasting 6,000 hotels and 1 million guest rooms worldwide.
  • Strong room count: This 71-room property offers ample capacity to accommodate guest demand.
  • Modern construction: Built in 2009, the hotel presents a contemporary and well-maintained facility.
  • PIP completed: The property has undergone recent improvements, ensuring it meets brand standards and guest expectations.
  • Prime location: Positioned just off I-35, the hotel is highly visible and accessible to interstate travelers.
  • Growing market: The Lenexa & Overland Park submarket has seen impressive occupancy growth, exceeding market averages.
  • Strong RevPAR growth: The Lenexa & Overland Park hotel submarket experienced a 29.3% YoY increase in twelve-month RevPAR, outperforming the market-wide average.
  • Olathe market appeal: Olathe's thriving economy, diverse industry base, and robust population growth make the area attractive for investment.

PROPERTY HIGHLIGHTS

  • Highly visible location: The hotel is easily visible from I-35, attracting passing travelers and boosting occupancy rates.
  • Proximity to commercial hubs: The property is close to various corporate centers and businesses, driving demand from business travelers.
  • Recreational facilities nearby: Guests can enjoy nearby parks, shopping centers, and entertainment options, enhancing the hotel's appeal.
  • Convenient access to Kansas City: The hotel's location offers easy access to Kansas City's attractions, including sports venues, museums, and cultural events.
  • Complementary services: Holiday Inn Express provides essential amenities such as free Wi-Fi, breakfast, and parking, ensuring guest satisfaction.
  • Expanding local economy: Olathe's economy continues to grow, with developments in industries such as technology, healthcare, and logistics, driving increased demand for accommodations.
  • High-demand events: Olathe's busy event calendar, including festivals and sports tournaments, creates a steady stream of potential guests throughout the year.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate