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.

Executive Summary

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
  • Strother Field

      Notable Area Businesses:

  • Western Industries
  • Silgan Dispensing Systems
  • Husky Liners
  • Webster Combustion
  • Ferguson Enterprises
  • Newell Rubbermaid
  • 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.

Property Details

Address
3800 S. Pike Rd, Winfield, KS 67156
Price
$1,850,000 
Rooms
51 
Price Per Key
$36,275 
Property Type
Limited Service Highway 
Revenue
Call or email for CA 
Website
 

Hotel Description

  • Two Story – interior corridor
  • Gold Award winner (2018)
  • Concrete/block construction (quiet)
  • Built 1993
  • Ample parking
  • Fitness Center
  • Meeting Room
  • Business Center
  • Outdoor pool

COMPELLING INVESTMENT CONSIDERATIONS:

  • Attractive revenue
  • Recent PIP completed, minimal transfer PIP expected
  • Many new improvements, including recent lobby and breakfast renovation, room FF&E, vanities and shower surrounds
  • Offered at an attractive price per key
  • Offered individually or with the adjacent Super 8
  • Over $1MM in revenue between the 2 assets
  • Ability to operate 2 adjacent hotels, increased effeciency
  • Only 40 miles to metro Wichita

Contact a Broker

Brent Jaynes Headshot

Brent Jaynes

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

James Korroch

KS
Phone: 316-634-1819
Cell: 316-304-6091