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23513609
23513616

1111 N. Lorraine St, Hutchinson, KS 67501

BJ
KS BR00008591, MO MO 1999017315 (+6)
Leisure Real Estate Advisors LLC
Listed by Leisure Real Estate Advisors LLC
$8,750,000
409 days on market
Updated 7 days ago
Opportunity zone

Fairfield Inn & Suites by Marriott

Details
Property Type Hospitality
Sub Type Hotel
Keys 89
Cap Rate 9.60%
NOI $860,000
Tenancy Single
Year Built 2012
Year Renovated 2022
Buildings 1
Stories 4
Acreage 2.000
Investment Type Core+

Attractive Revenue and Net Operating Income

Marketing description

This 89 room Fairfield Inn & Suites is among the 2 top rated hotels in Hutchinson. Along with attractive top line revenue and net income, it is well rated on the third-party travel sites. It features one of the best and most visible locations in town, as it is located in the most concentrated retail area in the area. Hutchinson, along the South Hutchinson, is a midsized Kansas town of 43,000, with numerous demand generators. Hutch is located in Reno County with a population of over 60,000. The hotel is only a 45-minute drive down K-96 to the Dwight D. Eisenhower National Airport in Wichita.

Hutchinson has historically been a very good hospitality market. Surrounded by companies like the Dillon's (now Kroger) regional office and distribution warehouse, Tyson and Cargill Salt, the hotel benefits from those corporate demand generators as well as attractions such as the Kansas Cosmosphere, the Kansas State Fair, the Kansas Underground Salt Museum (now Strataca), and the National Junior College Association national basketball tournament. Downtown Hutch has also received Star Bonds for the redevelopment of the downtown area and includes upgrades to the Cosmosphere, renovations to Memorial Hall, and the addition of the Landmark Building apartment project.

Investment highlights

  • 89 keys, opened 2012
  • Premium Brand, now offered at $98K per key, 40% less than a new build
  • Change of Ownership PIP is available and it is minimal
  • Attractive top line revenue, nearly $2.4M (YE 2025)
  • $860K in net operating income (YE 2025) including management fee
  • New 15,000 sq. ft. opened in Oct 2025, along with the new conference center hotel
  • 4 floors, interior corridor
  • Assorted suites, including separate sleeping areas
  • Microwave and mini-fridge, all rooms
  • Sundry shop & guest laundry
  • Fitness center
  • Business center
  • Indoor pool & spa
  • 100% non-smoking
  • Well rated on travel sites
  • Marriott Inn & Suites prototype
  • A very good hospitality town, due to the corporate activity and major demand generators like the Cosmosphere, the Kansas State Fair and the National Junior College basketball tournament
  • Only 45 minutes to the Eisenhower National Airport in Wichita
  • A new 15-year license will be available

Listing Contacts

BJ
KS BR00008591, MO MO 1999017315 (+6)
Leisure Real Estate Advisors LLC
Listed by Leisure Real Estate Advisors LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$860,000.00
$71,666.67/mo

Valuation Metrics

0
DSCR
9.83%
Cap Rate
9.83%
ROI

Map

Zoning

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C4 CommercialSpecial CommercialSpecial Commercial District
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Brent Jaynes
License
BR00008591
Brokerage
Leisure Real Estate Advisors
Brokerage Phone
9134994731
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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