INVESTMENT HIGHLIGHTS
- Prime Location and Accessibility: Strategically positioned on Kellogg Avenue with high visibility and easy access off US 54/US 400, benefiting from approximately 12,000 daily passing cars.
- Modern Amenities and Facilities: Seven-story hotel offering 97 rooms with extensive amenities including an indoor pool, sauna, hot tub, fitness center, and 4,125 Sq. Ft. of renovated meeting/event spaces.
- Recent Property Enhancements: Recent $40,000 capital expenditures in 2023 include upgraded LED lighting, renovated pool area with new tiling, and enhanced pool equipment.
- Strategic Economic Hub: Located in Wichita, home to major corporations like Koch Industries, Cargill Protein, Spirit AeroSystems, and Textron Aviation, collectively employing over 9,000 team members.
FINANCIAL HIGHLIGHTS
- Profitability and Resale Value: The property's efficient operations are expected to generate significant profitability, enhancing potential for a higher resale value in the future.
- Proximity to Key Attractions: Close to popular destinations such as Exploration Place, Sedgwick County Zoo, and INTRUST Bank Arena, enhancing local appeal and attracting diverse visitor traffic.
- Red Roof PLUS+ Brand Excellence: Part of the upscale Red Roof PLUS+ brand, ensuring consistent standards of comfort and service, complemented by the RediRewards loyalty program.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Red Roof PLUS+ Wichita East (‘Hotel’ or ‘Property’) located in Wichita, Kansas. The Red Roof- branded Hotel is offered on a “Request For Offer” basis. Please contact listing agent for more information.
The Red Roof PLUS+ Wichita East stands prominently as a seven-story, 97-room hotel located at 7335 E Kellogg Drive in Wichita, Kansas. Positioned for high visibility and convenient access off US 54/US 400, known as Kellogg Avenue. Common area amenities include an indoor pool, sauna, hot tub, fitness center, snack center, on-site laundry facilities, vending machines, and limited bus and truck parking. The property boasts 4,125 square feet of meeting/event space spread across two banquet rooms, featuring open catering options, which underwent a complete renovation in December 2022. Ownership has diligently maintained the property, investing over $40,000 in additional capital expenditures in 2023. These enhancements included upgrading to interior and exterior LED lighting, revitalizing the pool area with concrete resurfacing, new tiling, updated pool lighting, and replacing both the pool water heater and area heater.
Wichita, Kansas, strategically positioned near major transportation arteries such as Interstate 35 and U.S. Route 54, serves as a pivotal hub connecting the region to key cities and economic centers. As the largest city in Kansas and a central component of the Wichita Metropolitan Statistical Area (MSA), Wichita plays a vital role in the state's economy.
Wichita Dwight D. Eisenhower National Airport (ICT), located approximately 10 miles from the property, serves as the primary commercial airport in the region, handling over 1.6 million passengers annually. McConnell Air Force Base maintains strong ties with Wichita, contributing economically through jobs and services with over 2,500 active-duty members and 750 civilian employees.
Wichita's economic landscape is bolstered by major corporations within a ten-mile radius of the hotel. Notable companies include Koch Industries (3 miles), headquartered in Wichita and one of the largest privately held companies in the world; Cargill Protein (4.8 miles); Spirit AeroSystems (5.4 miles); and Textron Aviation (11.4 miles), which collectively employ over 9,000 team members and significantly contribute to local employment and business vitality. The city's rich array of tourist attractions, such as Exploration Place (6.9 miles), Sedgwick County Zoo (12.1 miles), and Old Town Wichita (5 miles) – a bustling area known for its restaurants, cocktail bars, and live music venues – along with educational institutions like Wichita State University (4 miles) and Newman University (7.0 miles), contribute to Wichita's vibrant hospitality and leisure sectors. Healthcare facilities such as Wesley Medical Center (4.0 miles), with over 750 beds, and Ascension via Christi Health (5.9 miles), with over 400 beds, provide extensive medical services, further enhancing Wichita's role as a healthcare hub in the region.
BROKER OF RECORD
Colby Haugness
Kansas
P: (816) 410-1010
Lic #: 00241410
