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Days Inn & Suites by Wyndham El Dorado 3200 El Dorado Ave

42 Room Hotel El Dorado, KS 67042 $3,450,000 ($82,143/Room) 13.30% Cap Rate

Investment Highlights

  • 42 Rooms, Full Kitchens
  • Built in 2015, Interior Corridor, Elevator
  • Priced Below Replacement Cost
  • Large Manager's Living Quarter
  • Awarded Wyndham President’s Award 2016-2023

Executive Summary

Kishan Gohel of NewGen Advisory is pleased to present the opportunity to acquire the Days Inn & Suites located in El Dorado, Kansas. This hotel consists of 42 interior corridor rooms all with full kitchens along with a six bedroom, three bathroom manager’s living quarter. This prestigious property was built in 2015 and is the recipient of the Wyndham President’s Award 2016-2023, Wyndham Green Core, and Tripadvisor’s Travelers’ Choice 2022. The Days Inn & Suites performs well above its Comp Set year over year. Priced below replacement cost at $3,450,000.
Located in Butler County just outside of Wichita, El Dorado is a city with a rich historical and cultural background. Established in 1870, it became prominent due to the discovery of oil in the early 20th century, earning it the nickname "Oil Hill." This oil boom significantly contributed to the city's economic growth and development. El Dorado is the county seat and offers a blend of historical charm and modern amenities. The downtown area features a variety of local businesses, shops, and restaurants, enhancing the small-town atmosphere. The city is also home to cultural landmarks like the Coutts Museum of Art and the Butler County History Center and Kansas Oil Museum, which highlight the area's artistic and historical heritage.

Property Facts

Price $3,450,000
Price Per Room $82,143
Sale Type Investment
Cap Rate 13.30%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.00 AC
Building Size 24,590 SF
No. Rooms 42
No. Stories 2
Year Built 2015
Parking Ratio 2.24/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 $137.00 -
Guest Room 40 $122.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
008-213-05-0-00-00-040.00-0
Land Assessment
$130,000
Improvements Assessment
$2,005,900
Total Assessment
$2,135,900

zoning

Zoning Code C1 (Commercial)
C1 (Commercial)
  • Listing ID: 32138043

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 3200 El Dorado Ave, El Dorado, KS 67042

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