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For Sale | Courtyard by Marriott

$5,990,000

3020 Riffel Drive, Salina, KS 67401

Active
Last Updated: 02/13/2025

12.9

Cap Rate

731,887

NOI

Details:
Cap Rate:    12.9%
NOI:    $731,887
Lot Area:    3.5 acres
Keys:    80
Year Built:    2006
Price per Key :    $74,875
Floors:    3
Description:

• New opportunistic price - now offered at less the $75K per key
• Located off interstate I-135 on the South side of Salina, in newest retail development area in town.
• Near Salina Regional Airport and the Kansas State University Aerospace & Technology Center.
• 2,200 sq. ft. of meeting room space with state of the art audio/visual equipment
• 4.7 out of 5.0 Marriott verified reviews
• 4.5 out of 5 Trip Advisor rating
• Even with the cost of PIP included, the "all in" cost is still less than 40% of today's new construction, for a renovated premium flag

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Offering Memorandum
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