$125,000 PRICE REDUCTION! Now priced at $22,177/Key. Absentee-owned in a strong hospitality market with great location off I-470 & I-70, near restaurants and shopping. The Baymont Inn & Suites is only minutes from downtown Topeka, Kansas State Capitol, Washburn University and the Kansas Expo/Convention Center.
Executive Summary
$125,000 PRICE REDUCTION! Now priced at $1,375,000 (only $22,177/key)
The Baymont Inn & Suites Topeka has 62 spacious rooms and suites on two floors including an outdoor pool and indoor hot tub. Excellent visibility from the I-470 & I-70 corridor located only minutes from several attractions and sites including the Kansas State Capitol, Washburn University, Kansas Expo/Convention Center, Topeka Zoo, Heartland Auto Race Track, VA Medical Center and West Ridge Mall. The Kansas City Metro Area is only one hour away from the property.
This all concrete constructions hotel was originally built as a Hampton Inn. The property produces a nice cash flow and with the PIP being completed it should reposition itself to better compete against its compset. The possibility also exists to re-brand the property and convert several rooms to extended stay units. Topeka has always been a strong hospitality town and the Baymont Inn offers an owner the opportunity to gain market share in the midscale brand market.
