Historic Elgin Hotel

Marion, KS
Marion County

Marion "Flint Hills" Kansas


Asking Price: Annual Revenue:
$1,995,000 $358,574

Services: Hotel, Motel, Lodging


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RE: Historic Elgin Hotel Broker: James Clendenin

Quick Facts

Asking Price: $1,995,000
Annual Revenue: $358,574
Net Profit: $51,346
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $320,000
Real Estate: $1,200,000
Year Established: 2016
Employees: 2
BBN Listing #: 882455303
Broker Reference #: 26212314-JC

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Business Overview:

Built in 1886 to attract travelers on two railroad lines running through Marion, the impressive hotel still stands over 130 years later. After operating as a hotel for over nine decades and coming close to being demolished, the Elgin was renovated in 1977 as an apartment house and was placed on the National Register of Historic Places a year later. In 2009 the hotel was fully renovated and opened as a bed and breakfast with the owners living on its 3rd floor. New owners in 2016 opened up the 3rd floor for guests and chose to live off-site. Keeping its cozy, bed and breakfast atmosphere, the Historic Elgin Hotel now stands amidst the Flint Hills of Kansas as the region's finest fully-renovated boutique hotel. The Elgin's 19th century limestone building provides a unique venue to rest, relax and reconnect in an atmosphere that blends the nostalgia of the past with the luxuries of today. Five living rooms, an outdoor verandah, a covered porch, a fitness center, and a vintage game lounge compliment twelve unique suites to create an unforgettable getaway for its guests.

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Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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