Listing Summary
TAKE A LOOK AT THE NEW PRICING………..A SECOND PRICE REDUCTION!!! Now priced at just over 3X revenue. The new price has been adjusted to account for the expected PIP.
Full Description
Now Priced to Sell: $2.5M TTM Revenue Asset with New 15-Year License
Take advantage of a significant price adjustment on this top-tier Holiday Inn Express & Suites. Built for performance, this asset has remained a market leader since its inception and is currently priced to accommodate the upcoming PIP.
Investment Highlights:
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Strong Financials: TTM Revenue of ~$2.5M with highly attractive NOI margins.
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Long-Term Security: New 15-year franchise license recently secured.
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Prime Real Estate: Located at the "Main & Main" intersection of I-70 and Wanamaker Road—the heart of Topeka’s retail and commercial activity.
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Corporate Demand: Proximity to giants like Frito-Lay and Payless ShoeSource, plus the heavy influence of the State Capital.
Topeka’s hospitality market remains fundamentally sound, supported by a diverse economy spanning the insurance, transportation, and medical sectors. The owner is motivated—bring all offers!
Quick Glance
- Listing ID:
CL-Kansas-27296
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
N/A