This Gold Award winning Quality Inn & Suites features many upgrades and recent renovations. One should be able to step into this deal without a lot of PIP expense. It can also be purchased along with adjacent Super 8, creating the opportunity to operate adjacent hotels with increased efficiency. With approximately $1MM in revenue between the two assets, an onsite owner should be able to maximize the cash flow. Either can be purchased individually also. Together, they are priced below 3X 2018 revenue.
Located only 40 miles from metro Wichita, this Quality Inn & Suites includes many recent upgrades, nice top line revenue and net income. It is located in the southwest quadrant of Winfield on Hwy 77. This hotel and the adjacent Super 8 are the market leaders in Winfield.
Notable Local Demand Generators:
Walnut Valley Festival
Winfield (Cowley County) Fairgrounds
Southwest College (4 year)
Cowley County Community College
Notable Area Businesses:
Silgan Dispensing Systems
GE Engine Services
MARKET/ HOTEL OVERVIEW:
Winfield, KS, population 12,000, has many attributes that are attractive to business, including a four-year college, a junior college, an active business community and an airport (Strother Field). The industrial park at Strother is home to a number of major employers, collectively with over 1,500 employees. The Super 8 and Quality Inn & Suites feature an opportunity to purchase individual properties or a small portfolio, located adjacent to each other and by different parent franchise companies. The Quality Inn & Suites is a Gold Award winner from Choice, and with the recent upgrades, little PIP is expected. Either or both properties lend themselves to an owner-operator or placing an onsite partner to operate.