Quality Inn | Lawrence, KS 2023
2309 Iowa St,
Lawrence, KS 66046
 
$5,195,000
Price
$408,574
NOI
7.86%
Cap Rate
3.36
RRM
99
Total Rooms
$52,475
Price Per Key
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$5,195,000
Price
$408,574
NOI
7.86%
Cap Rate
3.36
RRM
99
Total Rooms
$52,475
Price Per Key
INVESTMENT OVERVIEW
Hotel Features: The Quality Inn features 99 well-maintained rooms, showcasing consistent strong revenue performance, appealing to both investors and hotel operators.
Prime Location: Situated at the busiest intersection in Lawrence and on the university campus, the hotel benefits from high visibility and easy accessibility.
Local Business Ecosystem: Surrounded by a mix of local and franchise businesses and restaurants, the hotel is positioned in a vibrant commercial area, enhancing its appeal to guests seeking convenience and variety.
University Proximity: The hotel's location on the university campus is a significant advantage. The university hosts numerous events throughout the year, ensuring a constant flow of travelers and visitors. This contributes to sustained business for the hotel across all seasons.
Strategic Position in Lawrence: Located in one of the top 10 most populous cities in Kansas, Lawrence is home to key institutions like the University of Kansas and Lawrence Memorial Hospital, driving steady visitor traffic.
Near Kansas City: Only 30 minutes from Kansas City, a major economic hub. The proximity to several Fortune 500 companies and Kansas City International Airport (MCI) draws a professional and leisure crowd, expanding the guest base.
Investor Appeal: Ideal for owner-operators seeking direct management or investors looking to add a well-performing asset to their portfolio. The combination of location, continuous local events, and a strong business environment makes this a lucrative investment.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate
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