$400,000 PRICE REDUCTION!!  This 77 room Holiday Inn Express & Suites presents a solid opportunity for investors. The hotel has gone through an extensive remodel and is completing the IHG Blue Formula PIP.  The East Wichita/Andover hospitality market is very solid and this asset provides a nice opportunity.  Call or email today!

Executive Summary

$400,000 PRICE REDUCTION!  Now offered at less than $85K per Key!

The Andover Holiday Inn Express & Suites property is being offered as part of a two-property portfolio along with the Holiday Inn Express & Suites in El Dorado.  The hotels are only 25 minutes apart.

This Holiday Inn Express & Suites is located in Andover, Kansas. Built in 2006, the 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 (17,700 enrollment), Mid-Continent Airport, Flint Hills National Golf Club, the Sedgwick County Zoo, the Kansas Sports Hall of Fame and Stryker Soccer Complex.

The hotel has a strong corporate clientele.  Notable local employers include:

  • Sherwin-Williams Training Center
  • Bank of America corporate offices
  • Boeing
  • Flight Safety International
  • Hawker-Beechcraft Corporation
  • Raytheon Aircraft
  • Cessna Aircraft
  • Koch Industries

If you are looking for a premium flag in a strong hospitality market, please inquire about this listing!

The link to the Holiday Inn Express El Dorado executive summary is: https://www.leisurerealestate.com/property/holiday-inn-express-suites-el-dorado-kansas/

 

 

Property Details

Address
600 S Allen Street, Andover, KS 67002
Price
$6,500,000 
Rooms
77 
Price Per Key
$84,416 
Property Type
Limited Service 
Revenue
Call or Email for CA 

Hotel Description

  • 77 Keys
  • Built 2006
  • 15 Suites 
  • Offered at less than 85K per key, 35% less than a new build
  • Located in the East Wichita I-35 market 
  • Wichita State University (17,700 enrollment)
  • Strong corporate business clientele
  • Indoor pool
  • Fitness center

Scroll down and click on the “BUYER CA” tab to complete and submit the Confidentiality Agreement

Contact a Broker

Nihar Patel


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

Dave Jones

13000 W 87th St. Pkwy, Suite 108
Lenexa, KS 66215
Phone: 913-499-4725