The great flag and great revenue justify every penny of the price. Plus, it features an interstate location and a State Capital market. $1.5M in 2013 renovations.

Executive Summary

This offering represents all of the attributes of a superior hotel investment… that is, high and increasing revenue, an interstate site , significant recent renovation and located near one of the area’s largest employers, Security Benefit Life.  Topeka is also home to the State Capitol.  The ownership recently completed nearly $1.5M in renovations (2013) and it shows extremely well.  To no surprise, it has received the TripAdvisor Certificate of Excellence for 2014.

Topeka, with an SMA population of over 140,000, offers a number of demand generators including the City and State governments.   A number of major corporations, such as Frito Lay, Hills Pet Nutrition, Del Monte, Goodyear, Mars Chocolate North America, Payless Shoe Source, and BNSF all have a major presence in Topeka.  In addition, Topeka features a 4 year university, Washburn, together with the well known and esteemed Washburn Law School, both of which are major employers.

The buyer of this Holiday Inn Express should enjoy immediate cash flow and low initial capital investment.   Plus, the scope and quality of the  renovation will impress you.

Property Details

Address
901 SW Robinson Ave, Topeka, KS 66606
Price
$6,800,000 
Rooms
81 
Price Per Key
$83,950 
Property Type
Limited Service - Upper mid market 
Revenue
Call for CA 
Website
 

Hotel Description

  • New carpet throughout
  • New case goods & soft seating
  • New lamp package & new drapes
  • New lighting in hallways,  including sconce and recessed
  • New knock down finish on guest room walls
  • New wallpaper in bath areas
  • New granite vanities & bath tile
  • New knock down ceilings in guest rooms
  • 42″ TVs throughout
  • Entirely new porte cochere
  • New roof
  • Major exterior enhancements including native stone accents & paint
  • New lawn sprinkler system

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

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