OUR ASSET:ECONOMY HOTEL PLUS+ WICHITA
ASKING PRICE: $3,000,000
ABOUT THE ASSET
The Economy Hotel Plus+ in Wichita, Kansas, presents a prime value-add investment opportunity with 100 guestrooms. Built in 1967 and renovated in 2020, this two-story property spans 55,357 square feet on a 6.707-acre lot. It features a bar, an event hall, and an opportunity to host a restaurant, enhancing its revenue streams. The property is being sold unencumbered by management and debt, providing immediate in-place cash flow and significant potential for operational enhancements.
STRATEGIC LOCATION
Situated in Wichita, Kansas, a city with a robust economic base and strong demand for affordable lodging.MODERN RENOVATIONS
Built in 1967 and renovated in 2020, the property features updated amenities, reducing the need for immediate capital expenditures.IMMEDIATE CASH FLOW
Provides strong in-place cash flow with opportunities for revenue growth through strategic management and operational improvements.MORE INFO ON THE ASSET
- Flexibility for New Ownership: Fully unencumbered by existing management and debt, allowing new owners to implement tailored operational strategies.
- Attractive Acquisition Cost: Offered at a significant discount to replacement cost, providing an immediate competitive advantage and value.
- Additional Revenue Streams: Features a bar, event hall, and potential restaurant space, increasing the property's income potential.
- Spacious Property: Encompasses 55,357 square feet on a 6.707-acre lot, offering ample space for future enhancements or expansions.