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Hotel-Motel

Best Western Governors Inn & Suites

4742 S Emporia St, Wichita, KS 67216

Listing Price: $3,950,000

Cap Rate
9.20%
Number of Rooms
58
RevPAR
$49
Gross SF
29,925
Price/Room
$68,103
RRM
3.80
Price/Gross SF
$132.00
Year Built
2001

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Governors Inn & Suites, a well-appointed, franchised hotel located in south Wichita, Kansas, just five miles to downtown, Eisenhower National Airport and McConnell Air Force Base.

The property is extremely well-maintained, with several CapEx projects completed this year. Amenities included at the hotel include a seasonal outdoor pool, meeting space, fitness center, complimentary breakfast and guest laundry facilities.

The Best Western Governors Inn & Suites represents the opportunity to acquire an well-maintained, franchised 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 Wichita region.

Investment Highlights

  • Extremely Well-Maintained Property with Several Recent CapEx Projects Completed
  • 9.2% Cap Rate
  • 3.8x Room Revenue Multiplier
  • Ideally Located off Interstate 135 and U.S. Route 81, Just 5 Miles to Downtown Wichita
  • Within 6 Miles of Eisenhower Nat'l Airport, McConnell AFB & Several Large Aerospace Companies
  • Minutes to Botanica Gardens, Century II Center, and INTRUST Bank Arena, a Multi-Purpose Venue that will Host the 2025 NCAA D1 Men's Basketball Championships
  • 10 Miles to Wichita State University (14k+ Enrollment)

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Hotel-Motel

Best Western Governors Inn & Suites

Listing Price: $3,950,000

Cap Rate
9.20%
Number of Rooms
58
RevPAR
$49
Gross SF
29,925
Price/Room
$68,103
RRM
3.80
Price/Gross SF
$132.00
Year Built
2001

Investment Highlights

  • Extremely Well-Maintained Property with Several Recent CapEx Projects Completed
  • 9.2% Cap Rate
  • 3.8x Room Revenue Multiplier
  • Ideally Located off Interstate 135 and U.S. Route 81, Just 5 Miles to Downtown Wichita
  • Within 6 Miles of Eisenhower Nat'l Airport, McConnell AFB & Several Large Aerospace Companies
  • Minutes to Botanica Gardens, Century II Center, and INTRUST Bank Arena, a Multi-Purpose Venue that will Host the 2025 NCAA D1 Men's Basketball Championships
  • 10 Miles to Wichita State University (14k+ Enrollment)

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Governors Inn & Suites, a well-appointed, franchised hotel located in south Wichita, Kansas, just five miles to downtown, Eisenhower National Airport and McConnell Air Force Base. The property is extremely well-maintained, with several CapEx projects completed this year. Amenities included at the hotel include a seasonal outdoor pool, meeting space, fitness center, complimentary breakfast and guest laundry facilities. The Best Western Governors Inn & Suites represents the opportunity to acquire an well-maintained, franchised 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 Wichita 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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