March 30, 2022 1:03 pm
Leisure Real Estate Advisors, LLC, is pleased to announce it has arranged the sale of the COMFORT INN & SUITES NE on Rock Road in Wichita KS. Leisure Real Estate Advisors, LLC based in metro Kansas City, represented the Wichita KS based owners, RK Hotel, LLC, on this exclusive assignment. The listing price was $6,000,000. “The Comfort Inn and Suites was one of our most active listings and retrieved over a dozen offers and nearly a hundred CAs”, comments Mr. Nihar Patel with Leisure Real Estate Advisors. “In addition to that, the Hwy 96 corridor in northeast Wichita is an attractive and emerging area”. Nihar was the exclusive broker representing the Owner. Mr. Patel is located in Topeka KS area. The Wichita KS area has proven to be a solid hospitality market, with multiple demand generators including major companies and university, such as : Koch Industries, KU Med, and Wichita State University, Cabela’s and the Stryker Soccer Complex.
The Buyer will continue to operate the hotel under a new franchise agreement with Choice Hotels, as a Comfort Inn and Suites. The link to the property’s executive summary on our website is: https://www.leisurerealestate.com/property/comfort-inn-and-suites-n-wichita-ks/
This the 2nd closing on Rock Road in the past 6 weeks. The market has been active, so if you would like to hear more about the activity or the market, please click on the “About” tab, then “Team”, and reach out to one of our qualified brokers.