A Superb Value-Add Lodging Opportunity for an investor to acquire an airport hotel. The Hotel has recently repositioned its business over to Clarion Hotels from its former La Quinta Franchise. The franchise PIP will have to be completed, or alternatively the franchise can be terminated for $200k. This hotel has excellent revenue growth potential for a hands-on owner.
The facility is located directly adjacent to the Wichita Airport and Industrial Zone. Dozens of local businesses are located within a one-mile radius, including Towne Place East Shopping Mall, numerous restaurants, Cessna Aircraft, Honeywell, Flight Safety International, John Deere Training, Sedgwick County Zoo, Kansas Coliseum, and McConnell Air Force Base, historic Old Town and area attractions like Exploration Place, Old Cowtown Museum, Friends University, Newman University and Wichita State University.
Demand generators and local attractions: Wichita maintains a fairly diverse economic base. However, aircraft manufacturing is the dominant source of employment, giving the city the title of "Air Capitol of the World." For additional information, please contact Ten-X or A-1 Realty/Investments.
Property Listed by: Ten-X RE, Inc. Scott Reid RE Brkr CO00002437