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221 E Kellogg Avenue - Holiday Inn Downtown, Wichita, KS

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221 E Kellogg Avenue - Holiday Inn Downtown

Wichita, KS 67202-3917 - Southwest Submarket

Property Type:Hospitality Number of Rooms:150 Status:Existing Year Built:-
Stories:7 Building Size:95,956 SF Land Area:3 AC (130,680 SF)
For Sale Price:$6,500,000 Price/Room:$43,333 Cap Rate:9.00 %

Parking:1.2 Parking Spaces / 1,000 SF

The full service Holiday Inn Downtown Wichita is situated on 3 acres and is a 7 story building with 150 guestrooms.

Amenities include a swimming pool, fitness center, business center and meeting rooms. The Holiday Inn Downtown has a full service restaurant that is located on the ground floor featuring a cocktail lounge for guests.

Sale Notes:
The Wyndham Garden Inn Wichita Downtown was converted from a Holiday Inn in 2014. The property suffered the majority of the repositioning effects during the renovation period where it went under a complete renovation. Already in its first year of being open as a Wyndham Garden, the hotel is showing great improvement with a 24% increase in room revenue alone. This hotel offers a rare opportunity for someone to acquire a hotel at a fraction of replacement cost and build substantial equity in the next 3 to 4 years.
150 Rooms, 7 story/interior corridor, heated outdoor pool, hot tub, sauna, fitness center, onsite restaurant & lounge,3200 sf of meeting rooms.

Chandler Hotel Group
Jared M Chandler
(480) 816-3390 x302

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