510 Wakarusa Dr - Hospitality FOR SALE


Lawrence, KS 66049- West Lawrence
$7,500,000 USD
817-821-1536
510 Wakarusa Dr, Lawrence, KS for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/3
null | 8.58% Cap Rate

510 Wakarusa Dr
Lawrence, KS 66049
West Lawrence


HIGHLIGHTS

  • University Town with Large Student Population
  • Tru by Hilton's premier location offers a rare opportunity to buy in rapidly growing market.
  • High performing Hospitality asset.
  • Price well below replacement cost.
  • Significant incplace cash flow.

OVERVIEW

BSG Hotels Limited, exclusively retained by Seller, is pleased to offer for sale Tru By Hilton , a Hospitality property conveniently located in university town of Lawrence , Kansas. Tru By Hilton is a mid-scale brand that was launched in 2016 by Hilton. This is a excellent opportunity to become a new Hilton franchisee or grow your an existing relationship with Hilton. Discover an exceptional investment opportunity with the impressive 38,094 sq feet property with 82 well built rooms. Equipped with modern amenities and thoughtfully designed spaces, this Hotel attracts leisure and business travelers to University town of Lawrence, where University of Kansas -KU is located. Hotel is in close proximity of Kansas City, Kanas and located in West Lawrence, two miles from Rock Chalk Park, and four miles from the University of Kansas. Theatre Lawrence, beautiful Clinton Lake, and popular Massachusetts Street are all nearby. Broker of Record: Richard E. Queen, Jr. NewGen Advisory KS, LLC License No: BR00232332

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$197 USD /SF

# OF ROOMS

82

PRICE/ROOM

$91,463 {currency}

CAP RATE

8.58%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tru by Hilton Lawrence

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2018

PARKING SPACES

121

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

Hotel/Motel

APN/PARCEL ID

023-068-28-0-40-04-001.00-0

ASK ABOUT THIS PROPERTY

Bharat Patel-VakilBSG Hotels LimitedMore Info
817-821-1536

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Bharat Patel-VakilBSG Hotels LimitedMore Info
817-821-1536

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