$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.

Property Details

Address
1401 Southwest Ashworth Place, Topeka, KS 66604
Price
$1,375,000 
Rooms
62 
Price Per Key
$22,177 
Property Type
Interstate Limited Service 
Revenue
Call or Email for CA 
Website
 

Hotel Description

  • $125,000 Price Reduction!!
  • Interstate Location (I-470 & I-70) near major attractions and demand generators
  • Exterior corridor/2 floors
  • Priced at less than $22,177/Key – well below replacement costs
  • All concrete construction
  • Very strong hospitality market
  • Newer Roof (with warranty)
  • NEW Electronic door locks
  • Two-room suites
  • Flat Screen TV’s
  • Outdoor Pool
  • Mini-fridges & Microwaves (some guestrooms)
  • Fitness Center
  • Ample Truck & Bus parking

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

8725 Rosehill Road, Suite 300
Lenexa, KS 66215
Phone: 913-499-4731
Fax: 913-499-4771
Dave Jones Headshot

Dave Jones

KS
Phone: 913-499-4725