221 E Kellogg St - Hospitality FOR SALE


Wichita, KS 67202- South Central
$6,900,000 USD
801-303-5561
221 E Kellogg St, Wichita, KS for Sale
$6,900,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

221 E Kellogg St
Wichita, KS 67202
South Central


HIGHLIGHTS

  • Property Was Recently Renovated In Compliance With Wyndham’s Current Requirements, Leaving Minimal Property Improvement Plan (PIP) Costs
  • Property Receives Additional Revenue Through Leasing The On-Site Restaurant
  • Average Annual Daily Traffic (AADT) Count Of Approximately 108,000 Vehicles Per Day
  • Easy Access

OVERVIEW

Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 150-room Wyndham Garden Wichita Downtown, located in Wichita, Kansas. The property is a 2023-renovated, seven-story, full-service hotel that is conveniently located directly off of East Kellogg Avenue and within close proximity to Interstate-135 - two major thoroughfares/expressways that provide ease of access to commuters and display excellent visibility. The property presents the opportunity to operate the hotel and increase operations to competitive set standards through focused, hands-on management and marketing. The Wyndham Garden Wichita Downtown offers investors the opportunity to acquire an up-to-date property in a desirable market with value-add potential.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$72 USD /SF

# OF ROOMS

150

PRICE/ROOM

$46,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wyndham Garden Wichita Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

7

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1973

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

GC

APN/PARCEL ID

129-29-0-11-01-003.00,129-29-0-11-01-004.00,129-29-0-11-01-007.00,129-29-0-11-01-008.00,129-29-0-11-01-009.00,129-29-0-11-01-010.00,129-29-0-11-01-011.00,129-29-0-11-01-012.00,129-29-0-11-01-013.00,129-29-0-11-01-014.00,129-29-0-11-01-015.00,129-29-0-11-01-016.00,129-29-0-11-01-017.00

ASK ABOUT THIS PROPERTY

Adam GattoCushman & WakefieldMore Info
801-303-5561

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Adam GattoCushman & WakefieldMore Info
801-303-5561

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.