This offering represents the opportunity to own the nicest economy hotel in one of Wichita’s upscale retail and office corridors, while still only offered at under $42K per key. Many demand generators nearby and strong performance during pandemic.
Executive Summary
We’re excited to present to you a 97-unit beautifully renovated Super 8 Hotel. This hotel is well positioned in the prominent city of Wichita, KS located in the best part of N. Rock market and K-96 corridor. The N. Rock Road/K-96 area boasts two of the premier retail and office corridors in Wichita. Household income within a one mile radius is estimated to be the highest in Wichita. All of Wichita’s upscale retailers and office park developments are found in these corridors. A perfect opportunity for an owner wanting to enter a hotel that stood the test in 2020 and has a minimal ownership transfer PIP. The rooms are renovated to Super 8’s Innovate standard and may appeal to anyone who wants to purchase a property that is ready to operate and take advantage of the pent-up travel demand.
