550 S Florence St Wichita, KS 67209

This exceptional value-add opportunity presents a portfolio of two independently branded economy hotels in Wichita, Kansas. Comprising a total of 140 keys across 55,347 square feet, this portfolio is offered at $4,200,000 ($75.88/sq ft). Built in 1965 and 1983, and recently renovated in 2023, the properties sit on a combined 3.28 acres and are zoned GC and LI. Located at 550 S Florence St and 5805 W Kellogg Dr, Wichita, KS 67209, these hotels are offered debt-free and unencumbered by management agreements, providing a unique chance for investors to implement their operational strategies and capitalize on the significant discount to replacement cost. The portfolio presents a compelling investment opportunity due to its existing cash flow and potential for increased profitability through operational improvements. The properties can be purchased individually or as a portfolio, offering flexibility to potential buyers. This is a rare chance to acquire a well-located, established hotel portfolio in a growing market, offering immediate value and significant upside potential.