This 77 room Holiday Inn Express presents a unique opportunity for Investors, with this being the premium hotel in the City of Andover. The hotel has gone through an extensive remodel and nearly completed IHG Blue formula PIP.  Thus, IF you are looking for a hotel  in an ever growing metro, this might be worth a look!

Executive Summary

We are pleased to present the Holiday Inn Express & Suites located in Andover, Kansas. Built in 2006, this 77-key property is situated on a 2.1 acre lot near I-35 just east of Wichita, Kansas. Well appointed guest rooms feature all standard amenities. The room mix also includes a variety of suite configurations.

The location is convenient to a number of attractions that generate demand, including Wichita State University, Mid-Continent Airport, Flint Hills National Golf Club, the Sedgwick County Zoo, the Kansas Sports Hall of Fame and Stryker Soccer Complex.

Corporate demand generators in the area include the Sherwin-Williams Training Center, Flight Safety International, Hawker-Beechcraft Corporation, Boeing, Raytheon Aircraft, Cessna Aircraft, Net Corp, Source One, Bank of America Corporate Offices, Koch Industries, Coleman and Spirit Aerosystems.

If you have any questions or need additional info, please call or email.

 

 

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Property Details

Address
600 S Allen Street, Andover, KS 67002
Price
$6,900,000 
Rooms
77 
Price Per Key
$89,610 
Property Type
Limited Service 
Revenue
Call for Info 

Hotel Description

  • Four consecutive years of revenue growth
  • T-12 ADR up $7 from previous year (July 2024)
  • Priced below replacement cost
  • Variety of room types including suites with wet bar, separate bedroom and sleeper sofas
  • Premier flag in Wichita Metro Area with population of approx 650,000
  • Location is convenient to Wichita State University, Wichita Art Museum, Flint Hills National Golf Club, and the Sedgwick County Zoo
  • Nearby major employers: Sherwin-Williams Training Center, Flight Safety International, Hawker-Beechcraft Corporation, Boeing, Coleman, Koch, Raytheon Aircraft, Cessna Aircraft, Spirit Aerosystems and Bombardier Aerospace

Contact a Broker

Nihar Patel


Topeka, KS
Cell: 785-554-7810
Fax: 316-281-4243