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Candlewood Suites - Financing in place! / Quick Close

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Property Overview

Extensive renovations in 2007 resulted in room revenues declining as a result of 4,225 out-of-order room nights. The quality of renovations is outstanding with this like new refurbished hotel. Trailing 12 months room revenues exceed $1.1m and continue to strengthen.

Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com

Property Highlights

Asking Price:
Call Broker for Price
Location:
Topeka is the state capitol of Kansas with a population of 122,113. One hour from Kansas City.,Topeka
Property Description:
Extended Stay
Number of Rooms:
78
Major Source of Business:
Primarily extended stay customers.
Site Size:
1.05+/- acres
Year Built:
2000
Last Year Renovated:
2007
Common Area Amenities:
Exercise room and two bay meeting / gathering room.

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
  • NOI multiplier:
  • Room Revenue Per Room:
  • Cap Rate:
2008 Year Ending
  • 66.40%
  • $60
  • $1,095,256
  • $45,513
  • 3.24
  • $14,042
2007 Year Ending
  • 46.00%
  • $63
  • $817,389
  • $45,513
  • 4.43
  • $10,479
  • 7.70%
2006 Year Ending
  • 41.30%
  • $60
  • $965,935
  • $45,513
  • 3.68
  • $12,384
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Location

914 SW Henderson Street


Topeka, Kansas 66615

Listing Broker

Bruce V Holmes, HotelBrokerOne Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com
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Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com

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