Published on: Friday, February 16, 2024
Updated on: Thursday, March 20, 2025
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Name: Brent Jaynes
Company: Leisure Real Estate Advisors, LLC
Office Phone: 913-499-4731
Cell Phone: 913-499-4731
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  Flag Point Inn & Suites Pratt, KS
1705 Maple St. Cullison Kansas , 67124
1705 Maple St. Cullison Kansas , 67124  Leisure Real Estate Advisors, LLC
Listing ID: CL-Kansas-10249

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Kansas-10249
Status: Sold
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: N/A SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
The Flag Point Inn & Suites could be one of the nicest small market independent hotels you have seen. Built as an 80 key Hampton Inn in 2016, the flag was pulled by Hilton for performance issues with a previous owner, and not re-instated. Therefore, the property will be delivered without brand affiliation. In spite of its early difficulties, the property shows as one would expect, with the quality of a newer Hampton Inn. It is located in the most active development area in Pratt and the hotel shows a high level of guest satisfaction and rating with the online services.
Complete Details
Year Build: N/A
Building Size: N/A
No of Stories: N/A
Total Lot Area: N/A Not Specified
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Built 2016 as a Hampton Inn The parcel includes a pad site in front (total site approximately 3 acres, based on plat) Unencumbered by franchise, but Spark (by Hilton), Comfort Inn and LaQuinta flags are available Choice will provide incentives for a Comfort Inn conversion Rates well on the 3rd party sites Priced at less than $50K per key for an 8 year-old asset (less than 40% of today’s replacement) 4 floors Very nice pool and spa area 10' ceilings first floor – creates a very spacious, upscale feel

Additional Properties
Features
  • Very nice pool and spa area, 10′ ceilings first floor – creates a very spacious, upscale feel
Listing Location
Lister's other Properties
Title: Hampton Inn McPherson KS
Address: 200 N. Centennial Dr. , Conway Kansas 67460
Listing ID: CL-Kansas-10250
Listing Type: Commercial
Category: Lodging and Hospitality - Bed and Breakfast
Status: Sold
Created On: 2/16/2024
Modified On: 3/20/2025
200 N. Centennial Dr. , Conway Kansas 67460
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