Comfort Suites | Manhattan, KS

1020 Hosteler Dr.,
Manhattan, KS 66502

 

80
Total Rooms
 
 
$753,234
NOI
 
 
 
 
 
 
80
Total Rooms
 
 
$753,234
NOI
 
 
 
 
 
 

Major Market Drivers & Local Investments

  • Manhattan, KS continues to benefit from over $1 billion in recent projects, including Scorpion Biological Services’ $650 million vaccine plant, which will bring hundreds of bioscience jobs. Kansas State University remains a powerful anchor with its campus expansions, the National Bio and Agro-Defense Facility (NBAF), and the AG Innovation Lab—all strengthening the city’s role as a regional research and economic hub.

Expanding Retail, Dining & Entertainment

  • The North End redevelopment added 200 new residential units and $62 million in retail and restaurants, energizing the area surrounding the Hotel. These projects have significantly bolstered Manhattan’s hospitality and leisure corridor, generating strong demand for lodging.

Growing Tourism & Leisure Infrastructure

  • Tourism-focused investments such as the Flint Hills Discovery Center, STAR Bond developments, and multiple sports and cultural venues are establishing Manhattan as a youth, leisure, and event destination, directly supporting hotel occupancy.

Acquisition Below Replacement Cost

  • The Property is offered at a substantial discount to replacement cost, providing investors with immediate equity value. With construction and labor costs rising nationally, developing a similar asset today would be significantly higher than the current asking price, ensuring a clear value proposition.

Fee Simple Ownership

  • The Comfort Suites Manhattan is offered as a fee simple property, which means you will have full ownership rights. This gives you complete control and flexibility to manage or develop the property long-term—making it a smart, secure investment in one of the city’s most desirable locations.

Offered Unencumbered by Management

  • This hotel is being sold without a management agreement, giving you the freedom to choose your own operator. This means you can bring in your preferred team, optimize operations, and apply aggressive pricing strategies to maximize profits.

Central Regional Positioning

  • Manhattan, Kansas—fondly known as “The Little Apple”—sits right in the heart of northeast Kansas along the I-70 Corridor. Its location offers easy access to major Midwest cities like Kansas City, Topeka, and Denver, making it both convenient and strategic. As the county seat of Riley County, Manhattan serves as a regional center for government, culture, and commerce.

Academic & Research Anchor

  • Just a short distance from the Property is Kansas State University, a nationally recognized Big 12 school with over 20,000 students. Beyond education, the university fuels the local economy with over $1.3 billion in annual impact and leads cutting-edge research initiatives like the National Bio and Agro-Defense Facility (NBAF). This consistent flow of students, faculty, researchers, and visitors provides a reliable base of lodging demand.

Military Presence & Economic Stability

  • Eighteen miles to the west sits Fort Riley, home to the U.S. Army’s 1st Infantry Division. With nearly 15,000 soldiers and 3,500 civilian employees, Fort Riley plays a vital role in the region’s economy, contributing about $1.7 billion each year. The installation generates steady travel needs, from military families to contractors and government officials.

Expanding Corporate & Industrial Base

  • Manhattan continues to grow its corporate footprint. Employers such as Manko Window Systems, PTMW’s new fabrication facility, and Caterpillar Work Tools in nearby Wamego add strength and diversity to the job market. Together, they create a healthy stream of business travelers who rely on local accommodations like Comfort Suites.

Healthcare & Community Growth

  • The city is also establishing itself as a regional healthcare hub. The opening of the Stormont Vail Manhattan Campus in 2023, along with established providers like Ascension Via Christi and Manhattan Surgical Hospital, ensures quality medical care for residents and draws patients and professionals from surrounding areas. This healthcare presence supports year-round visitation and overnight stays.

Strong Connectivity & Accessibility

  • Travel to and from Manhattan is seamless. Manhattan Regional Airport (MHK), less than five miles away, offers direct daily flights to Chicago and Dallas. For broader connectivity, Kansas City International Airport (MCI) is just over two hours east. The city is also linked by I-70 and U.S. Route 24, while Union Pacific’s freight mainline strengthens its position as a connected and growing regional hub.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate
Nihar Patel
Hospitality Investments Advisors
(913) 404-8410
Nihar@Reco.RealEstate
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