DEMO-Candlewood Topeka-KS

914 SW Henderson Rd, ,
Topeka, KS 66615

 

$7,000,001
Offering Price
$1,025,836
NOI
14.65%
Cap Rate
3.69
RRM
78
Total Rooms
$89,744
Price Per Key
$7,000,001
Offering Price
$1,025,836
NOI
14.65%
Cap Rate
3.69
RRM
78
Total Rooms
$89,744
Price Per Key

Investment Overview

  • Reco Real Estate Advisors is pleased to offer the fee-simple ownership of the 78- unit Candlewood located on I-70 in Topeka, KS. Many long-standing annual festivals and events honor the history, heritage, and culture of the great capital city of Kansas. Major events such as the annual Huff 'n Puff Hot Air Balloon Festival, the newly added Topeka Zoo Lights, and Old Prairie Town Garden Glow bring great business throughout the year. Town also hosts many seasonal sports tournaments.
  • Candlewood Suites Topeka West, an IHG Hotel is primed as an extraordinary investment opportunity for new owners and investors. The hotel features 78 rooms unencumbered by management and debt at a significant discount to replacement costs. This 61,420SF property was built in 2000 with 120 parking spaces. Currently Operated by Management Company.
  • Completed Property Improvement Plan (PIP) by IHG.
  • Great Location in Capitol of Kansas.

Investment Overview

  • Newly Updated Rooms
  • Business Center
  • Pet Friendly
  • Rooms with Kitchenettes

Financial Overview

  • Low Replacement Cost
  • Great CAP Rate
  • Great NOI
  • Significant RevPAR Growth
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate