Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the 138-room Wichita Marriott Portfolio (‘Hotels’ or ‘Properties’) including the Comfort Inn East Wichita and Hampton by Hilton Inn Wichita-East. These high-quality Properties have achieved a combined average room revenue upwards of $1.1 million each year since 2019. The portfolio is ideally positioned in the market with both properties recording over 100% market penetration. Located in an expanding Wichita market, these properties both perform well and have the potential to capitalize on future growth. Positioned off State Highway 400 near where it intersects Interstate 135, the portfolio is in a strategic location near the majority of Wichita’s businesses, schools, and attractions. Furthermore, Textron Aviation’s Beechcraft Factory Airport is located adjacent to the Hotels with McConnell Airforce Base just 5 miles south. Various attractions are located nearby the portfolio, some of which include All Star Adventures, The Alley Indoor Entertainment, Frank Lloyd Wright’s Allen House, and Wichita Country Club. Closer to downtown, Wichita State University, Charles Koch Arena, Wichita Art Museum, and Botanica – The Wichita Gardens persist as strong demand generators for the city. The western side of the metro features Sedgwick County Zoo, Urban Air Trampoline & Adventure Park, Wichita Dwight D. Eisenhower National Airport, and various trails. A large aspect of the city’s economy, aircraft manufacturing in Wichita includes Spirit AeroSystems, Cessna Aircraft Company, Beechcraft, and Bombardier Learjet all operating less than 15 miles from the Properties. The Hotel is poised to gain occupancy through contractual and business travel as the aircraft manufacturing industry dominates the region. Wichita, Kansas is a major industrial hub and the largest city in Kansas. The city is a regional center of culture, media, and hosts several universities, large museums, theaters, parks, and entertainment venues. Annually, the city brings in over six million visitors through entertainment and leisure travel. Intrust Bank Arena (6.8 miles) and Century II Performing Arts & Convention Center (7.1 miles) are multi-purpose centers that host a variety of events throughout the year. Both Hotels maintain brand affiliation with Marriott International. Marriott’s International Brand Affiliation provides the world’s largest travel loyalty program, Marriott Bonvoy. Marriott’s global platform has over 160 million users and helps drive top-line revenue and bottom-line cost savings. All Properties are offered fee simple and unencumbered by any management or debt.