Contacts
Adam Montufar
Alchemy Real Estate Advisors (AREA)
Property Details
- Property Type Other
- Property Size 41,104 SF
- Units 68
- Lot Size 1.77 Acre
- Additional Rent Contact for pricing
- Year Built 2013
- Date Updated Nov 4, 2024
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Highlights
- Fee simple interest in the 68-room Holiday Inn Express & Suites in Emporia, Kansas
- The asset will be available for purchase in the January 22nd auction event via RI Marketplace
- Offered for sale as part of an eight-property (8) portfolio, with all properties being sold individually
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management
- Property is offered unencumbered by management and debt and at a significant discount to replacement cost
- Education demand is driven by proximity to Emporia State University (3 miles), with student enrollment up 16% year over year as of fall 2024, totaling more than 4,500 students.
- Strategically located along I-35, with average daily traffic of approximately 20,000 vehicles per day passing the hotel, making it a logistical hub for transportation and distribution companies, creating demand for corporate stays related to freight management, trucking, and warehousing operations
- Manufacturing/industrial and healthcare employers such as Tyson Foods, Hostess Brands (bakery facility), Simmons Pet Food, and Newman Regional Health (major hospital) remain among the larger employers driving Emporia’s economic activity
- Many local year-round attractions, including the David Traylor Zoo of Emporia, Emporia Arts Center, and Historic Downtown Emporia
- Home to various event facilities, including the Emporia Granada Theatre – host to concerts and performances and drawing attendees from all surrounding markets
- Emporia claims to be the “Founding City of Veterans Day,” hosting numerous annual events such as the Veterans Day Parade, Tallgrass Film Festival, Flint Hills Rodeo, Dirty Kanza (gravel cycling race), and Glass Blown Open (disc golf tournament), which draw significant crowds to the city
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Emporia, KS
- Zip Code 66801
Points of Interest
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Phillips 66
0.23 miles
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Finish Line
0.30 miles
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Tesla Supercharger
0.53 miles
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Snacks
1.06 miles
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BP
1.28 miles
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Short Stop
2.03 miles
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Kwik Shop
2.16 miles
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Casey's General Store
3.58 miles
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Valero
3.94 miles
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Flint Hills Mall
0.31 miles
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Campus Parking
2.14 miles
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Free Parking
2.19 miles
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Capitol Federal Customers Parking
2.46 miles
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Holiday Inn Express & Suites Emporia Northwest, an IHG Hotel;Holiday Inn
0.00 miles
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La Quinta Inn
0.05 miles
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Hampton Inn Emporia
0.09 miles
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Comfort Inn
0.15 miles
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Guesthouse Inn
0.25 miles
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Motel 6
0.28 miles
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Candlewood Suites
0.38 miles
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Best Value Inn
0.85 miles
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Budget Host Inn Emporia
3.87 miles
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Walmart Supercenter
0.24 miles
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ALDI
0.36 miles
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Flint Hills Mall
0.36 miles
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JCPenney
0.39 miles
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Price Chopper
1.07 miles
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Reebles Country Mart
2.23 miles
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Dillons
2.89 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Adam Montufar
Alchemy Real Estate Advisors (AREA)