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Investment Highlights

OPPORTUNITY – We present the Hotel at approximately 25% below replacement cost and believe there is an opportunity to bring the Hotel to its full potential in the post-COVD period given its recent renovation and the strong economic drivers in the local and regional economy. HOTEL AMENITIES – The 72 room Hotel has amenities including free breakfast, an pool, a business center, free Wi-Fi, free parking, non-smoking rooms, a fitness center, and pet friendly rooms. The rooms feature a 32-inch HD TV, microwave, mini-refrigerator, coffee maker and a sofa bed. Value add opportunity - As -is, the hotel has demonstrated strong cash flow performance; however, opportunity exists to invest capital in some guestrooms and finish the PIP in order to substantially increase ADR and Rev PAR, closing the rate gap with higher end competitive properties. Proximity : 2 miles to Kansas Wesleyan University 3.6 miles to Salina Art Center 3.7 miles to Smoky Hill Museum 4.4 miles to Tony's Pizza Events Center Free on-site parking Indoor pool and hot tub

Location Description

More than just a lively college town, Salina is home to some of the heartland's top things to do. Your kids will love seeing the kangaroos at Rolling Hills Zoo, exploring local history at the Smoky Hill Museum, and visiting the family-friendly Salina Art Center. You can stop by the box office at Tony’s Pizza Events Center for tickets to a roller derby bout, gospel concert, or dance performance. If you’re in town for a corporate trip, you'll appreciate our proximity to businesses like PKM Steel Service. The City of Salina is located in north central Kansas, near the geographic center of the contiguous United States. It is the seventh largest city in Kansas with an estimated population of 50,000. The city is the county seat for Saline County, which has an estimated population of 55,000. The junction of Interstates 70 and 135 on the NW section of Salina are significant factors in transient and business traffic. Demand Drivers: Salina enjoys a diverse economy that includes Several manufacturing interests both large and small, and Strong agricultural economy that supplies local food processors and beverage makers and creates strong demand for industries such as agricultural equipment manufacturing. Kansas is also poised to become a leader in alternative energies, particularly solar and wind. The Kansas State Aerospace and Technology campus is home to one of only 12 Federal Aviation Administration (FAA) research facilities in the country – is preparing its students for almost any job in the aviation and aeronautics industries with a robust set of programs that include: Unmanned aircraft systems (UAS) flight and operations. Kansas Wesleyan University is another 4 year private university in Salina.