Economy Hotel Portfolio - Wichita
Independent Branded Hotels in Kansas represent opportunity
Marketing description
Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Wichita Portfolio with 140 rooms. The Portfolio is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire a regionally concentrated Portfolio with existing in-place cash flow. The Portfolio contains two hotels within the Wichita, Kansas Market. The Portfolio can be purchased as a portfolio or properties can be purchased individually.
INDEPENDENT ECONOMY HOTEL WICHITA PORTFOLIO
The Portfolio comprises two independently branded economy hotels in Wichita, Kansas.
UNENCUMBERED OF DEBT & MANAGEMENT
The Portfolio is being offered fully unencumbered of existing management or debt, allowing for a new owner to come in with fresh capital and an opportunity to retool the property-level operations.
DISCOUNT TO REPLACEMENT COST
Over the last several years as the economy has continued to grow, both labor and materials have reached all-time peaks leading to soaring construction costs for new build projects. Conversely, these properties are being offered at a substantial discount compared to the price to replicate the same assets today, offering a new investor immediate value from day one.
Investment highlights
Two Properties
140 Total Guestrooms
Unencumbered of Debt & Management
Discount to Replace Cost
Fee Simple
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