Executive Summary
The Best Western Plus Airport Inn is a 121-key property located in the heart of Wichita, Kansas. It was built in 1995. The well cared for property features all modern hotel amenities and is located just a few miles from the Dwight D. Eisenhower National Airport. The hotel provides complimentary shuttle service to and from the airport as well as to other nearby Wichita attractions. The Best Western Plus is not just an airport property. It is located near the junction of Highway 400 and the heavily traveled I-235 and is situated near many of the primary demand generators that Wichita has to offer.
Nearby demand generators include the Dwight D. Eisenhower National Airport, Downtown Wichita, Tanganyika Wildlife Park, the Sedgwick County Zoo, Cessna Aircraft, Flight Safety International, Wichita State University, the John Deere Training Center, Bombardier Learjet and Spirit AeroSystems.
A close look at the STR Report shows that there is an opportunity for additional penetration of the competitive set. While the Best Western consistently performs and has been able to increase rates, its occupancy lags the comp set by 10% (partly a result of the number of keys) and the ADR sits at over $30 less than the comp set.
We believe you will find this opportunity to invest in a strong flag and strong market very appealing. If you would like additional information or have questions, please call or email.
