Hotel Brokers of America is pleased to exclusively offer the Upscale All-Suite Extended Stay Residence Inn, located in Topeka, KS. Topeka is the State Capital of Kansas with multiple demand drivers including Government, corporate, and leisure. * * * Highlights & Location: • The hotel is Institutionally Owned and Managed Resulting in much Higher than Normal Expenses. Any Owner-operator will quickly increase the NOI driving significant Profits. A 66 Room Residence Inn with $2M plus Revenue Should be delivering a minimum 38%-42% NOI. • Topeka is the State Capital of Kansas with multiple demand drivers including strong Government / Corporate and Leisure. • The Hotel has an Excellent Location in the Heart of the Business District. • The Fairfield Inn across the street lost its Franchise so in-built additional Marriott revenue. • The Hotel is offered at $5,500,000 Plus PIP, which places it at a highly attractive 3.18 x revenue PIP Complete, for a performing and Profitable fully renovated Residence Inn by Marriott • At $107,576 per room, the Hotel is priced at a significant discount to new construction of a minimum of $160,000 for a Marriott Residence Inn. * * Kansas Broker of Record: Brian Brockman Bor@bangrealty.com KS DRE 239819