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.
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.