1111 N Lorraine St - Hospitality FOR SALE


Hutchinson, KS 67501
$9,900,000 USD
661-978-3109
1111 N Lorraine St, Hutchinson, KS for Sale
$9,900,000 USD
Hospitality - FOR SALE
1/39
null | 9.09% Cap Rate

1111 N Lorraine St
Hutchinson, KS 67501


HIGHLIGHTS

  • • Priced at $9,900,000
  • • Fully PIP Complete
  • • Interstate Location
  • • Marriott Brand- Highly Sought After
  • • OCC Best Of Compset for 2024
  • • $110 PLUS ADR Market

OVERVIEW

Hotel Brokers of America is excited to offer the 89 Room Fairfield Inn & Suites located in Hutchinson, Kansas. This hotel is the second newest in the market and the most recently renovated property. The hotel shows very well in person and online through its photos. The Marriott Franchise and Marriott Bonvoy rewards program is incredibly popular amongst guests and makes this an excellent opportunity in the hotel space whether you’re moving up in the hotel space or acquiring an additional Marriott hotel. * * Highlights & Location: * * Corporate Demand Generators: Hutchinson, Kansas, and its surrounding area are supported by a mix of industries, with several major employers contributing to the local economy. Some of the notable employers near Hutchinson include: o Siemens Gamesa Renewable Energy: Siemens Gamesa operates a wind turbine manufacturing plant in Hutchinson, employing a significant number of local residents. The plant produces wind turbine blades and contributes to the renewable energy sector. o Hutchinson Regional Healthcare System: Hutchinson Regional Healthcare System is a major healthcare provider in the region, offering medical services, including hospital care, emergency services, and specialty clinics. It is a significant employer in the healthcare sector. o Hutchinson Community College: Hutchinson Community College provides higher education and vocational training to students in the area. The college employs faculty and staff across various academic and administrative departments. o Dillon Stores (Kroger): Dillon Stores, a subsidiary of Kroger, operates several grocery stores in Hutchinson and the surrounding area. It is a significant employer in the retail sector, providing jobs in sales, management, and support positions. o Collins Aerospace: Collins Aerospace, a division of Raytheon Technologies, has a facility in nearby Wichita, which is within commuting distance of Hutchinson. The company specializes in aerospace and defense technologies and may indirectly contribute to local employment opportunities. o Agricultural Industry: Hutchinson and its surrounding area have a strong agricultural presence, with numerous farms, agricultural businesses, and related industries. These include grain processing facilities, agricultural equipment manufacturers, and agribusiness service providers. o * * Major Cites: Hutchinson, Kansas, is situated in Reno County in the central part of the state. While it's not directly adjacent to major metropolitan areas, there are several significant cities within a reasonable driving distance: o Wichita, Kansas o Salina, Kansas o Topeka, Kansas o Kansas City, Kansas/Missouri

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$181 USD /SF

# OF ROOMS

89

PRICE/ROOM

$111,236 {currency}

CAP RATE

9.09%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn & Suites Hutchinson

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2012

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

I1

APN/PARCEL ID

133-07-0-10-24-017-00-0

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.