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3741 N Rock Rd
Wichita, KS 67226
Super 8 Wichita North · Hospitality Property For Sale
·
31,202 SF
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2017 |
| Building Class | C | Parking Ratio | 3.49/1,000 SF |
| Lot Size | 2.06 AC | Corridor | Interior |
| Building Size | 31,202 SF | ||
| Zoning | LC - Limited Commercial Zoning | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.06 AC |
| Building Size | 31,202 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1998/2017 |
| Parking Ratio | 3.49/1,000 SF |
| Corridor | Interior |
| Zoning | LC - Limited Commercial Zoning |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Digital key
About 3741 N ROCK RD , WICHITA, KS 67226
Focusing on increasing the Hotel's operational efficiency, a new owner can see a significant boost in performance, seizing a larger portion of top-line revenues. The Property has been consistently outperforming the competitive set in both occupancy and ADR, reaching a RevPAR penetration index of ±150%. Since being converted to Super 8 in 2017, the hotel has capitalized on a large increase in revenues, realizing RevPAR growth upwards of ±60%. The expenses include provisions for a ±4% reserve for capital replacement. The Hotel is offered fee simple, unencumbered by a management contract and debt. This offering presents a new owner the opportunity to acquire a value-add asset within the Wichita MSA. An investor, looking to act as an owner-operator, can maximize profits through a reduction in management costs for the Property. Property listed by: Colby Haughness KS License:BR000335677
Property Taxes
| Parcel Numbers | Improvements Assessment | $417,525 | |
| Land Assessment | $131,625 | Total Assessment | $549,150 |
Property Taxes
