Brent Jaynes, of Leisure Real Estate Advisors, has announced the recent price reduction on the Holiday Inn Express Hotel & Suites located in Garden City, Kansas.
This Holiday Inn Hotel & Suites offers the type of revenue a hotelier would expect to see in a larger market, with superior cash flow as a result. The hotel features a high percentage of executive kings with sitting areas, as opposed to the standard king room. The hotel is located in the section of town which has experienced the highest level of commercial growth, including the addition of a Super WalMart, a Home Depot and a Target store. Two major competitors, Hampton Inn and Comfort Inn are already in the market.
Although Garden City (Finney County) is a rural market, it has one of the highest “pull factors” in the state. The local business climate is diverse and includes agribusiness, beef processing, energy, health care and education. With an unemployment rate of just 3.8% (April 2012), Finney County boasts a rate of less than half the national average and 3 points below the State average. A 3.8% unemployment would be considered a “fully employed” economy by most economists.
If you are interested in a superior mid-market flag, abundant cash flow and a healthy economy, you do not have to look any further than this Holiday Inn Express Hotel & Suites.