La Quinta Inn & Suites - East - Wichita, Kansas

Executive Summary

Following an extremely extensive and atransforming renovation, of which far exceeded the La Quinta PIP requirements, this 7 story hotel was painstakingly transformed and re-opened in late 2008.  Even in the face of the worst business cycle since the 1930's, the property has ramped up quite well in its first full year and continues to do so.  The renovation effort is quite obvious as one enters the hotel and the new lobby provides a very pleasing and upscale "sense of arrival".  The large tropical pool and spa provide an atmosphere no other area competitor offers.  In addition, the renovated banquet facilities create an opportunity to attract groups, meetings, weddings and banquets, all without the hassle of food service.

The La Quinta's location is also advantageous, in that it is only 1/2 mile from the KS Turnpike (I-35).  I-35 is among the busiest NAFTA highways in the country, stretching from south Texas to Minneapolis.  Furthermore, a significant number of major aerospace employers are within one mile of the hotel. including Raytheon, Boeing, Cessna, Hawker-Beechcraft, and Flight Safety.  McConnell AFB is also nearby and maintains a signficant presence in the area.   Finally, Towne Center East regional mall is located directly north of the subject, across Kellogg.  These locational factors should contribute to the hotel's ability to attract a favorable mix of corporate and transient business.

The Laquinta Inn & Suites has many attributes for capturing business  If you are looking for a fully renovated hotel in a healthy market,  this offering deserves your close attention.  In addition, the buyer of this renovated hotel, should face no new PIP requirements.

This hotel can also be purchased with the adjacent 85 unit Garden Inn & Suites.

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