3510 East Kansas Ave - Hospitality FOR SALE


Garden City, KS 67846
$16,000,000 USD
913-906-8600
3510 East Kansas Ave, Garden City, KS for Sale
$16,000,000 USD
Hospitality - FOR SALE
1/26
null | Request Cap Rate

3510 East Kansas Ave
Garden City, KS 67846


HIGHLIGHTS

  • 120-key Marriott extended-stay hotel in a key Midwest corridor
  • Fully PIP completed in 2023 to meet current Marriott brand standards
  • Located on U.S. Highway 83 with strong commercial visibility
  • Regional demand from Tyson, healthcare, rail, and education
  • Consistent weekend compression from major annual events

OVERVIEW

TownePlace Suites by Marriott – Garden City, Kansas 120 Keys | Renovated 2023 | Extended-Stay | Branded Prime Branded Opportunity in a Proven Market TownePlace Suites Garden City offers investors a rare chance to acquire a 120-room, Marriott-branded extended-stay hotel in a demand-stable market. Built in 2013 and fully renovated in 2023, the property sits on 2.86 acres with 62,897 SF across four stories, featuring 116 parking spaces and excellent visibility along U.S. Highway 83. Strategic Location with Real Demand Garden City is a key logistics and workforce hub in Southwest Kansas. Major employers such as Tyson Fresh Meats, St. Catherine Hospital, Garden City Community College, and multiple agricultural and infrastructure firms drive consistent weekday demand. Extended-stay travel in this market is not seasonal—it’s consistent and year-round, with many bookings flowing through platforms like CLC Lodging. This location favors properties with long-stay formats, in-room kitchens, and operational efficiency—making TownePlace Suites an ideal fit for the market. Proven Weekend Compression from Regional Events -Demand doesn’t stop at business travel. Garden City hosts major events that drive consistent weekend occupancy throughout the year: -Rocky Welton Wrestling Invitational – 3,000+ attendees annually -Beef Empire Days – Rodeos, festivals, and ag industry gatherings every May -Babe Ruth Baseball Regionals – Multiple teams and families each summer -Finney County Fair – A staple summer event attracting families and vendors -Refinery Sports Complex – Hosts youth tournaments nearly every weekend -Fall Fest, Boo at the Zoo, and Holiday Events – Strong seasonal draw These recurring events help stabilize revenue and reduce reliance on any single segment. Brand Strength with Limited Competition The hotel is one of very few Marriott-branded properties within 100 miles. That exclusivity gives it pricing power and loyalty capture through the Bonvoy platform. Guests benefit from consistent Marriott standards, while operators benefit from rate integrity and system support. The extended-stay format includes full kitchens in every unit, plus practical amenities like a fitness center, guest laundry, business center, indoor pool, complimentary breakfast, and outdoor patio with grill—designed for long-term guests and lean operations. Why This Deal Makes Sense -Fully renovated in 2023 to brand standards -Limited branded supply in the competitive set -Year-round business and leisure demand -Efficient operations with reduced labor exposure -High-utility asset with predictable, diversified revenue

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$254 USD /SF

# OF ROOMS

120

PRICE/ROOM

$133,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TownePlace Suites Garden City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2013

PARKING SPACES

116

LAND DETAILS

LAND ACRES

2.86 AC

LAND SF

124,582 SF

ZONING

None

APN/PARCEL ID

272-09-0-00-01-001.01-0

ASK ABOUT THIS PROPERTY

Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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