Columbia, Missouri offers a unique opportunity for investors to tap into the hotel industry, with 1 hotels for sale in the area. As a hub for education, healthcare, and culture, Columbia attracts a diverse range of visitors, from students and faculty to medical professionals and tourists. Hotels in Columbia can cater to these various groups, providing a lucrative investment opportunity. Whether you're looking to invest in a boutique hotel, a budget-friendly option, or a luxury resort, Columbia has something to offer. The city's amenities, including its high-quality healthcare facilities, cultural events, and low cost of living, make it an attractive destination for visitors. Additionally, the city's location, situated 120 miles away from both St. Louis and Kansas City, and 29 miles north of the state capital of Jefferson City, makes it an ideal stopover for travelers.
Columbia's hotels can take advantage of the city's diverse economy, which is driven by education, healthcare, and insurance. The University of Missouri, Stephens College, and Columbia College are just a few of the institutions that attract students and faculty to the area. The city is also home to several major hospitals, including the University of Missouri Hospital and Boone Hospital Center, which draw in medical professionals and patients. Furthermore, Columbia's cultural scene, which includes the True/False Film Festival, the "We Always Swing" Jazz Series, and the Roots N Blues Festival, attracts tourists and locals alike. In addition to hotels, Columbia also offers a range of other investment opportunities, including restaurants, apartment buildings, and shopping centers. Restaurants can cater to the city's diverse culinary scene, while apartment buildings can provide housing for students, professionals, and families. Shopping centers, meanwhile, can offer a range of retail options for locals and visitors. With its unique blend of education, healthcare, culture, and commerce, Columbia is an attractive destination for investors looking to tap into the hotel industry.
What factors should I consider when buying a hotel in Columbia?
When considering buying a hotel in Columbia, Missouri, there are several key factors to take into account, including:
- The local economy, which is heavily influenced by the presence of the University of Missouri and the healthcare industry, with major employers such as BJC Healthcare and the University of Missouri Health Care system.
- The city's infrastructure, including transportation facilities like Columbia Regional Airport, Columbia Transit, and the Columbia Terminal Railroad, which can impact the accessibility and convenience of your hotel for guests.
- The availability and pricing of hotels in the area, with 1 listings currently available, and an average price per square foot of , average size of 46,552 square feet, and largest size of 46,552 square feet, as well as an average cap rate of.
Additionally, it's essential to research the local tourism attractions, such as Faurot Field at Memorial Stadium, and cultural events like the True/False Film Festival, to understand the demand for hotel accommodations in the area. For more information on financing options, consider exploring CRE loans, or commercial real estate loans, as discussed in our article at CRE loans.
How is the value of a hotel for sale typically calculated?
The value of a hotel for sale in Columbia, Missouri is typically calculated through a comprehensive CRE appraisal, which takes into account various factors such as the property's income-generating potential, local market conditions, and the overall condition of the hotel. For instance, a CRE appraisal may consider the hotel's average daily rate, occupancy rate, and revenue per available room, as well as the local demand for accommodations, competition, and the hotel's proximity to attractions like the University of Missouri and downtown Columbia, to determine its value.
