Property Overview

This hotel has been approved for a Radisson franchise. Eighteen months remain on the current LaQuinta franchise. There are additional brands available to the hotel and there is a tremendous upbranding and repositioning potential. The hotel would also work as an upscale independent. Currently averaging approximately $2M in room revenues per year, the hotel has excellent revenue growth potential. The opportunity to purchase, renovate and own this hotel at roughly a third of its' estimated replacement value makes this an extremely attractive investment opportunity. The hotel is directly adjacent to the Wichita Airport and Industrial Zone. Dozens of local businesses within a one mile radius, including Towne Place East Shopping Mall, numerous restaurants, Cessna Aircraft, Honeywell, Flight Safety International, and John Deere Training. Area attractions close by include the Sedgwick County Zoo, Kansas Coliseum, and McConnell Air Force Base. Link below to the Ten-X auction website. https://www.ten-x.com/commercial/details/5500-west-kellogg-wichita-ks-67209-193049164-b_183

Property Highlights

Asking PriceCall Broker for Price
LocationAirport
Property DescriptionFull Service
Number of Rooms140
Major Source of BusinessAirport, Corporate, Leisure
Site SizeLand: 4.5 Acres (approx.) | Building: 82,165 sf
Year Built 1973
Last Year Renovated 2014
Common Area AmenitiesIndoor pool, Free Bright Side Breakfast, guest laundry, fitness center, business center, meeting rooms

Financial History

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2015 Year Ending
  • 54.50%
  • $71.24
  • $112,431
  • $1,968,837
  • $2,110,495
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  • $14,063.00
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