OUR ASSET:ECONOMY HOTEL WICHITA (FLORENCE ST.)
ASKING PRICE: $4,000,000
ABOUT THE ASSET
Economy Hotel Wichita, located in the Wichita, Kansas market, offers a valuable investment opportunity with 40 guest rooms. Built in 1983 and renovated in 2023, this two-story property spans 17,290 square feet and is being sold unencumbered by management and debt. It provides immediate in-place cash flow and significant potential for operational enhancements.
STRATEGIC LOCATION
Situated in Wichita, Kansas, a city known for its strong economic base and demand for affordable lodging.RECENT RENOVATIONS
Built in 1983 and renovated in 2023, 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.ABOUT THE HOTEL
- 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.
- Spacious Property: Encompasses 17,290 square feet, offering ample space for future enhancements or expansions.
- High Return Potential: With strong existing cash flow, there are numerous opportunities to further drive revenue and increase profitability.