Quality Inn Parsons

Kansas, United States


Sale conditions: Market



Type: Hotel
Sub Type: Limited Service
Chain / Market Scale: Midscale
Brand: Quality Inn
Corridor: Interior
No. of Keys: 50
Site Size: 4.99 AC

This recently converted hotel ranks among the better Quality Inn properties in the Choice Hotels system.  It is consistently rated 4.5 on the Choice site, and various other travel sites.  The Quality Inn is located in southeast KS near the junction of Hwy 400 and KS 59.  The property was recently renovated and up-flagged from a Rodeway Inn to a Quality Inn, (2019), and features many new improvements, such as:

Newer interior paint
Newer carpet
Newer lobby soft seating
Newer roof
Newer mattresses
Newer bed linens
Newer signage
Newer LED lighting

It is offered at $50K per key, which is unusual for an interior corridor property of this age.  It also features an elevator and pool which is not common for a smaller property in a mid-sized market.  In 2020, a new Holiday Inn Express opened in Parsons, along with a new 8,000 sq. ft. convention center.  The impact of Covid 19 and the Express has been realized, (Note: Quality Inn revenue is increasing with YE 2022 revenue up over YE 2021).  Furthermore, the new convention center is expected to bring in more meetings and events.

Parson’s is a medium sized town of 10,500 and features a number of major employers, including employers in the health care sector (Labette Health and Parsons State Hospital).  Both hospitals employ over 450 people each.  There are a number of local companies that do business internationally, including Columbia Tec Tank (Owned by CSI Global) and Tank Connection.  Labette Community College is a two-year junior college with nearly 2000 part and full-time students.  LCC employs nearly 250 and tends to be a significant demand generator for local hotels.  Hwy 400 is the main east-west highway across southern KS connecting Joplin to Wichita and points west.

This property produces enough revenue and net income to be purchased as a passive investment or by an onsite owner operator.

Either way, you will find a property that generates attractive net income and great reviews. 


General Property Information

Property Name:
Property Type: Hotel
Property Sub Type: Limited Service
Chain / Market Scale: Midscale
Additional Property Type: Hotel
Brand: Quality Inn
Corridor: Interior
Keys: 50
Building Status: Existing
No. of buildings: 1
Stories: 2
Site size: 4.99 AC
Parking Type: Surface
Parking Spaces: 54
Construction Type: Wood Frame
Year Build: 2008
Year Renovated: 2019
Common area amenities:

Business Center

High Speed Internet

Breakfast Area

Indoor Pool

Source of Business:






Additional Links:


Country: United States
State: Kansas
Postal Code:
APN/Parcel ID:
Location Type:
Location Overview:

3rd Party Website


Dave Jones

Leisure Real Estate Advisors, LLC

KS #00230692
MO #2009021658
IA #S61110000

913 499 4725

Brent Jaynes

Managing Partner
Leisure Real Estate Advisors, LLC

AR #PB00072896
CO #ER040019575
IA #B38804000
KS #00008591
MO #1999017315
NE #0980574
OK #158956
SD #17298

913 499 4731


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