1111 Lorraine St Hutchinson, KS 67501-6168

This exceptional 89-key Fairfield Inn & Suites, located at 1111 N Lorraine St, Hutchinson, KS 67501 (APN: 133-07-0-10-24-017-00-0 | Block-A), presents a compelling investment opportunity. Built in 2012 and fully renovated in 2022, this four-story, 54,813 square foot hotel boasts a current occupancy rate of 66.79% and a Net Operating Income (NOI) of $977,527, representing a 9.09% capitalization rate. The pro-forma NOI is projected at $912,032, with a pro-forma cap rate of 8.45%. The property benefits from a strong Average Daily Rate (ADR) exceeding $110, significantly outperforming the competitive set in 2024, achieving 95.7% of the competitive set's RevPAR. In 2022, it achieved 115.1% of the competitive set's RevPAR. The hotel's prime location in Hutchinson, Kansas, benefits from proximity to major employers such as Siemens Gamesa Renewable Energy, Hutchinson Regional Healthcare System, Hutchinson Community College, Dillon Stores (Kroger), and is within commuting distance of Collins Aerospace in Wichita. The strong local economy, driven by these and other businesses, including a robust agricultural sector, provides a stable base of corporate demand. The hotel's affiliation with the Marriott brand and the Marriott Bonvoy rewards program further enhances its appeal to guests. This property is offered at $9,900,000 ($180.61 per square foot). The property's strong performance and potential for increased profitability under active management make it an attractive addition to any hospitality portfolio.