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30112401
30107662

510 Wakarusa Dr, Lawrence, KS 66049

AP
TX 768854
BSG Hotels Limited
BSG Hotels Limited
Listed by BSG Hotels Limited
$7,500,000
110 days on market
Updated 7 days ago

Tru By Hilton Lawrence

Details
Property Type Hospitality
Sub Type Hotel, Motel
Keys 82
Cap Rate 8.58%
NOI $643,420
Brand/Tenant Hilton Hotels
Year Built 2017
Buildings 1
Stories 4
Acreage 2.100
Zoning Commercial
Investment Type Stabilized

Well-performing Upper scale Hotel in a University Town

Marketing description

Tru by Hilton at 510 Wakarusa Dr, Lawrence, KS 66049 presents a compelling hospitality investment opportunity in one of Kansas’ most dynamic university markets. Built in 2017, this 4-story, 82-room hotel encompasses approximately 38,094 square feet on 2.10 acres and is strategically positioned in West Lawrence along Wakarusa Drive, a major thoroughfare with strong visibility and convenient access. Located just two miles from Rock Chalk Park and four miles from the University of Kansas, the property benefits from steady demand generated by students, families, visiting faculty, sports tourism, and business travelers. Nearby attractions including Theatre Lawrence, Clinton Lake, and the vibrant Massachusetts Street district further strengthen its year-round appeal. This high-performing asset offers modern amenities, strong in-place cash flow, and meaningful upside potential. Positioned below replacement cost, it represents an attractive opportunity for investors seeking a branded Hilton asset in a growing market with favorable demographics, expanding households, and long-term lodging demand. A rare chance to acquire a well-located, institutional-quality hotel in the heart of Lawrence.

Broker of Record: Richard E Queen, Jr KS License No: BR 00232332

Investment highlights

  • Well Performing hospitality asset with an excellent location
  • YTD 11 June 2026 Hotel Revenue is @900K ahead by 80K of 2025.
  • Priced Below Replacement Cost. Value Add Opportunity
  • Rare opportunity to purchase in a University Town
  • University town with large student population.
  • Located on Wakarusa Dr, a major thoroughfare and premier location in the submarket.

Listing Contacts

AP
TX 768854
BSG Hotels Limited
BSG Hotels Limited
Listed by BSG Hotels Limited

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$643,420.00
$53,618.33/mo

Valuation Metrics

0
DSCR
8.58%
Cap Rate
8.58%
ROI

Map

Zoning

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PD PlannedPlanned Development
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Last updated Jun 3, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Richard E Queen
License
BR00232332
Brokerage
NewGen Advisory KS,LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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