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Hotel-Motel

Tru by Hilton Lawrence

510 Wakarusa Dr, Lawrence, KS 66049

Listing Price: $8,500,000

Cap Rate
8.40%
Number of Rooms
82
RevPAR
$66
Gross SF
91,476
Price/Room
$103,659
RRM
4.30
Price/Gross SF
$92.92
Year Built
2018

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Tru by Hilton Lawrence, a four-story limited service hotel located in Lawrence, Kansas. Lawrence is approximately a 30-minute drive to Topeka and a 40-minute drive to downtown Kansas City. The hotel's 82 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include a business center. fitness center, game room, sundry shop and complimentary breakfast.

The Tru by Hilton Lawrence represents the opportunity to acquire a Wyndham branded hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Northeast Kansas region.

Investment Highlights

  • Ideally Located off of Interstate 70 and U.S. Route 40
  • 3 Miles to the University of Kansas (~28k Students)
  • 7 Miles to Lawrence Regional Airport (LWC)
  • Midway Between Topeka, KS and Kansas City, MO
  • Near Several Attractions Including Lawrence Nature Park, Sports Pavilion Lawrence, Lawrence Rotary Arboretum, Lied Center of Kansas, Clinton State Park and Spencer Museum of Art

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Hotel-Motel

Tru by Hilton Lawrence

Listing Price: $8,500,000

Cap Rate
8.40%
Number of Rooms
82
RevPAR
$66
Gross SF
91,476
Price/Room
$103,659
RRM
4.30
Price/Gross SF
$92.92
Year Built
2018

Investment Highlights

  • Ideally Located off of Interstate 70 and U.S. Route 40
  • 3 Miles to the University of Kansas (~28k Students)
  • 7 Miles to Lawrence Regional Airport (LWC)
  • Midway Between Topeka, KS and Kansas City, MO
  • Near Several Attractions Including Lawrence Nature Park, Sports Pavilion Lawrence, Lawrence Rotary Arboretum, Lied Center of Kansas, Clinton State Park and Spencer Museum of Art

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Tru by Hilton Lawrence, a four-story limited service hotel located in Lawrence, Kansas. Lawrence is approximately a 30-minute drive to Topeka and a 40-minute drive to downtown Kansas City. The hotel's 82 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include a business center. fitness center, game room, sundry shop and complimentary breakfast. The Tru by Hilton Lawrence represents the opportunity to acquire a Wyndham branded hotel in a stable market near several demand drivers. Our Pro Forma analysis assumes continued modest growth supported by the increasing population and demand growth in the Northeast Kansas region.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

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