TOWNEPLACE SUITES DODGE CITY

INVESTMENT OVERVIEW

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 120-room TownePlace Suites located in Dodge City, Kansas. The hotel is a four-story property built in 2014.

TownePlace Suites Dodge City provides the opportunity for a new owner to acquire a select-service, extended-stay, core-branded Marriott hotel that has undergone major recent renovations with potential to realize significant RevPAR growth through driving occupancy with renewed sales efforts, hands-on management and utilization of the Marriott name, reservation system, and loyal base of guests.

INVESTMENT HIGHLIGHTS

• Historically Stable NOI
• Offered Below $90k Per Key
• Vast Majority of the PIP Recently Completed
• Marriott Change-of-Ownership PIP Available
• Recent Renovations Include Items Beyond the Scope of the Marriott PIP, such as the Parking Lot and Pool Deck
• Positive-Trending ADR for the Subject Property and Competitive Set
• Ford County is Ranked a Top-10 "Least Economically Stressed Counties" in the U.S.
• Proximate to National Beef Dodge City, Cargill Protein, Dodge City Roundup Rodeo, Dodge City Raceway Park, Boot Hill Casino, St. Catherine Hospital, and More