SureStay | Topeka, KS

 

45
Total Rooms
 
 
$9,460
NOI
 
 
2.50
RRM
 
 
45
Total Rooms
 
 
$9,460
NOI
 
 
2.50
RRM
 
 

Major Market Drivers & Local Investments

  • As the capital of Kansas, Topeka serves as a hub for state government, healthcare, education, and manufacturing. Major employers such as Goodyear Tire & Rubber, Frito-Lay, Hill’s Pet Nutrition, and multiple state agencies provide stable demand for lodging. Recent local investments in downtown redevelopment and industrial expansions continue to strengthen the city’s economy, driving both business and leisure travel.

Expanding Retail, Dining & Entertainment

  • The property benefits from proximity to Gage Park, Topeka Zoo, Kaw River State Park, and the Kansas Museum of History, along with access to a wide range of retail and dining options along the I-70 corridor. Continued retail development and family-oriented attractions in Topeka bolster its appeal as both a business and leisure destination.

Acquisition Below Replacement Cost

  • The SureStay Plus presents investors with the opportunity to acquire a nationally branded hotel at a price well below current replacement cost. Rising construction expenses, driven by increased labor and materials costs, make replicating this property in today’s market significantly more expensive than the target acquisition price.

Fee Simple Ownership

  • The property will be offered as fee simple interest, providing investors with direct ownership of the land and improvements, ensuring long-term control and security of the asset.

Offered Unencumbered by Management

  • The SureStay Plus is offered unencumbered by a management agreement, giving new ownership the flexibility to implement its own operational strategy. Investors may engage a third-party management company or act as an owner-operator, with the ability to drive performance through improved cost controls, yield management, and targeted sales initiatives.

Central Regional Positioning

  • The SureStay Plus Topeka Northwest occupies a strategic location in Topeka, the capital city of Kansas. As the seat of state government, Topeka benefits from consistent government and administrative employment, contributing a reliable base demand for lodging. Its positioning along Interstate 70 makes it accessible to both regional road traffic and long-haul travellers, providing connectivity to major cities east-west across Kansas.

Academic & Research Anchor

  • Topeka hosts Washburn University and several other institutions which contribute year-round academic demand — students, faculty, visiting scholars. This base helps elevate demand beyond just seasonal tourism. Also nearby are cultural and historical institutions (e.g. Kansas Museum of History) that can draw occasional visitors.

Military Presence & Economic Stability

  • While the property does not seem closely tied to a large military installation, Topeka’s economy is diversified. Government employment (state & local), healthcare, and education are large employment sectors. This means economic stability is relatively strong, less volatile than towns highly dependent on one industry. Moreover, Topeka has manufacturing and retail as well.

Expanding Corporate & Industrial Base

  • Topeka has several manufacturing employers (like Frito-Lay, Goodyear, and others) and regional corporate functions. The presence of companies like Hill’s Pet Nutrition is notable. Furthermore, growth in downtown areas or mixed-use zones may drive ancillary demand for lodging (business trips, corporate meetings).

Healthcare & Community Growth

  • Stormont-Vail HealthCare, St. Francis Hospital, the VA hospital and other medical facilities form a significant component of Topeka’s employment base. These hospitals bring in patient visitation, visiting families, medical professionals. Community growth is supported by parks (Gage Park etc.), recreation, cultural amenities, which strengthen the location’s appeal to both leisure and business travellers.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate
Nihar Patel
Hospitality Investments Advisors
(913) 404-8410
Nihar@Reco.RealEstate
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