Commercial Property for Sale in Salina Kansas 67401
201 E Diamond Drive, Salina, Kansas 67401
$3,895,000
Listed Jan 22, 2026
1999
Built
3
Stories
89
Units
About this property
Commercial Property for Sale in Salina Kansas 67401 is a lodging and hospitality for sale in Salina, Kansas, listed at $3,895,000. Key details: year built 1999, stories 3, total units 89, heating & cooling Heating and Cooling. Listed by Brent Jaynes of Leisure Real Estate Advisors, LLC on LoopingCloud and last updated January 22, 2026.
***This offering represents an upper mid-market brand at less than $44K per key, at a price point to accommodate the expected PIP. The revenue is rebounding, and YTD 2025 revenue is up by $160K. At the new asking price, it is now offered at 3X the TTM revenue. This hotel operates significantly below its compset in all three key STR metrics, especially occupancy and RevPar. Check out the STR and decide for yourself, but those metrics certainly indicate post-renovation upside. A 15 year La Quinta flag is available as well as a top tier alternative such as Garner (IHG) or Select (Hyatt).***********
Prime Interstate Connectivity: 89-Key Conversion Opportunity
Strategically positioned at Exit 252 on Interstate 70, this hotel benefits from one of the most high-traffic transit hubs in North Central Kansas. Flanked by two major travel plazas—Petro and Bosselman Travel Centers—the site enjoys consistent walk-in demand. Furthermore, the property is located just one mile east of the I-135 interchange, placing it at the epicenter of regional transit.
A Robust and Diverse Local Economy As the seventh-largest city in Kansas, Salina serves as a regional powerhouse for a population of over 55,000. The local economy is exceptionally resilient, anchored by:
-
Manufacturing & Agribusiness: A diverse mix of large-scale manufacturing and food processing facilities.
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Renewable Energy: Kansas’s leadership in wind and solar energy continues to bring specialized business travel to the area.
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Education & Innovation: Salina is home to the Kansas State Aerospace and Technology Campus, which hosts one of only 12 FAA research facilities in the nation, alongside Kansas Wesleyan University.
Key highlights
- Price Per Key 43,700
- 89 keys, PRICE REDUCED - Built 1999
- 2 major travel plazas at the same exit
- *****Notable Demand Generators: *****
- Phillips Lighting- Lighting Manufacturer
- Solomon Corporation
- Great Plains Manufacturing
- Eldorado National- Bus Manufacturer
- Crestwood, Inc
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1999
- Stories
- 3
- Total Units
- 89
- Heating & Cooling
- Heating and Cooling
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $3,895,000 | - | - | - | - |
Features and amenities
Property Features
- Price Per Key: 43,700
- Property Type: Limited service - upper midscale
- 89 keys, PRICE REDUCED - Built 1999
- Significantly underperforms the market in all three key metrics, indicating post-renovation upside
- Compare to compset: Occupancy (44% vs 66% compset) and RevPar ($36 vs $75 compset)
- Well priced to sell at less than $45K per key
- 15 year La Quinta flag available with PIP
- Top tier alternative is also possible, such as Hyatt (Select) or Garner (IHG)
- Rebounding revenue (up $160K YTD) and now offered at 3X TTM revenue
- I-70 location and one mile from the junction of I-135
- 2 major travel plazas at the same exit
- 3 Floors, Indoor Pool, Fitness Center, Meeting Room
Highlights
- *****Notable Demand Generators: *****
- Schwan’s Global Supply Chain- Frozen Pizza Manufacturing (Tony’s Pizza)
- Excide Technologies- Automotive Battery Manufacturer
- Phillips Lighting- Lighting Manufacturer
- Solomon Corporation
- Great Plains Manufacturing
- Eldorado National- Bus Manufacturer
- Crestwood, Inc
- Tony’s Pizza Events Center (a newly renovated 6,500 seat multipurpose arena and 18,000 sq. ft. convention center)
Location
Address as shown by the lister.
Get directionsAbout this area - Salina
- Population
- 49,410
- Housing units
- 21,019
- Land area
- 242.1 sq mi
- County
- Saline
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Salina Kansas 67401?
Commercial Property for Sale in Salina Kansas 67401 is listed at $3,895,000.
Where is Commercial Property for Sale in Salina Kansas 67401 located?
The property is in 201 E Diamond Drive, Salina, Kansas 67401, Saline County.
What type of property is this?
This is a lodging and hospitality for sale in the commercial category.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Brent Jaynes of Leisure Real Estate Advisors, LLC listed this property. Use the Request Info button to send a message or call (913) 499-4731.
When was this listing published?
It was published on January 22, 2026 and last updated on January 22, 2026.
Listing information
- Listing ID
- CL-Kansas-27295
- Published
- Jan 22, 2026
- Last updated
- Jan 22, 2026
- Views
- 284
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