Garden City, KS
Hodges Ward Elliott (“HWE”) is pleased to offer the opportunity to acquire the fee-simple interest in the Sleep Inn & Suites & Conference Center Garden City (“Property” or “Hotel”), a premier lodging option located in the center of Garden City. The 60-room Hotel features superb access to agriculture industry leaders such as Tyson Fresh Meats and Brookover Companies, expansive entertainment offerings including shopping centers and leisure destinations, and the greater Midwest region via major Highways 83 and 400. With no new supply on the horizon, this offering represents the rare opportunity to acquire a uniquely located asset with the upside to capture increased market share in the future.
| Address: | Garden City, KS 67846 |
| Year Built: | 2013 |
| Keys: | 60 |
| Stories: | 3 |
| MEETING SPACE: | 4,574 SF |
| F&B: | Complimentary Breakfast |
| AMENITIES: |
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| INTEREST CONVEYED: | Fee Simple |
| MANAGEMENT: | Unencumbered |
| Labor: | Non-Union |
INVESTMENT HIGHLIGHTS
UNIQUE LOCATION WITH EXCELLENT ACCESSIBILITY
The Property is situated in a strategic location near the intersection of U.S. Route 83 and U.S. Route 400, two of the primary highways serving the Midwest. This positioning provides the Hotel with excellent connectivity and convenient access for travelers passing through Kansas, as evidenced by the estimated 10,000 cars that pass the Clarion Inn each day. Furthermore, the property benefits from its proximity to several local demand drivers, including CommonSpirit St. Catherine Hospital, Garden City Regional Airport, and Garden City Community College.
AGRICULTURE INDUSTRY HUB
The agriculture industry serves as a key economic driver for Garden City, supporting a wide range of year-round commercial activity. Kansas is widely recognized for its strong presence in cattle feeding, grain production, and agricultural processing, drawing business travelers, contractors, and suppliers to the area throughout the year. Major employers such as Tyson Foods operate significant beef processing facilities in the market, while regional agribusinesses, including Brookover Companies, contribute to the area’s role as a key hub within the Midwest agricultural supply chain. These groups provide an estimated 3,600 and 950 jobs, respectively. Furthermore, new development is underway, highlighted by a $250 million investment from Empirical Foods to build a new 280,000-square-foot production plant, which is expected to create 250 jobs.
INCOMING CONSTRUCTION BUSINESS FROM $1 BILLION SOLAR POWER DEVELOPMENTS
Two new large-scale solar power developments are expected to be built in Garden City over the next few years, representing a significant investment of over $1 billion. The proposed Home Range Solar Development and Lone Bison Solar Development are extensive renewable energy projects that will transform the local landscape and infuse the area with additional economic stimulus. Construction is projected to begin in the spring of 2027 and take roughly two years to complete. During that time, these projects are forecasted to generate on-site workforces of approximately 300 workers at each site and a combined construction payroll of nearly $100 million.
Garden City Regional Airport
EXPANSIVE ENTERTAINMENT OFFERINGS
Garden City offers a variety of entertainment and recreational amenities that contribute to consistent visitor activity throughout the year. Anchored by family-friendly attractions such as Parrot Cove Water Park, the highly regarded Buffalo Dunes Golf Course, and The Refinery Fieldhouse + Event Center, the city provides diverse leisure options for guests. Parrot Cove Water Park features 36,000 square feet of interactive play areas, slides, and a lazy river, making it a popular destination for families across the region. Meanwhile, Buffalo Dunes Golf Course, consistently ranked among the top public courses in the state, attracts golf enthusiasts and tournament play year-round from across the country. Garden City is also home to multiple large-scale retail corridors such as the ~350,000-square-foot Schulman Crossing Shopping Center and the nearly 75,000-square-foot Garden City Plaza, which offer a variety of national retailers, dining options, and everyday services.
Contributing further to the region's appeal, The Refinery Fieldhouse + Event Center is a new, large indoor sports and multi-purpose venue that includes an indoor turf field, basketball courts, volleyball courts, pickleball courts, and 11,000 square feet of beautifully designed meeting and event space, providing ample room for weddings, large corporate conferences, and other events.
Parrot Cove Water Park
Schulman Crossing Shopping Center
The Refinery Fieldhouse + Event Center
Buffalo Dunes Golf Center
Historic Windsor Building Downtown Garden City
OPTIMAL OFFERING WITH RENOVATION UPSIDE
The non-union, fee-simple interest in the Sleep Inn is being offered free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel. A renovation pursuant to a brand-designated Property Improvement Plan could bring the product up to modern brand standards and enhance future performance.
NO NEW SUPPLY UNDER CONSTRUCTION
Within a 15-mile radius, there are no known hotels under construction, providing a new owner the unrivaled opportunity to capture a large share of the market for the foreseeable future.