Express Inn Hotel
Junction City, KS 66441, US
Hotel opportunity: Selling 50% equity for $1M, Operating & managing partners takes no salary, strictly profit & equity driven. Investors receive 100% of profit until investment is recouped. 3-5 year hold term.
Currently 45 unit independent hotel positioned to be branded as a Days Inn. $900k used to pay down mortgage debt, 100k to reposition to a franchised Wyndham hotel brand. Debt remaning will be 400k thru an existing SBA loan maturing in 2028.
Sales projection of $600k/year. Net profit after remaining 400k debt payment: 200k +
ROI: 20% cash on cash with a 5 year hold term
Exit Strategy: Sell hotel at 3 x revnues after 5 years for $1,800,000, paying off remaining bank debt of approx $300k, leaving $1,500,000 profit.
Investors receive 900k, almost doubling their investment in 5 years.
Products / Services
Limited service hotel, southwest corner of Exit 296 in Junction City, KS. GREAT LOCATION.