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Courtyard Wichita East, Wichita, KS 67226

  • Auction
  • United States
  • Restaurant
  • Commercial

Invited Opening Bid $1,500,000

Property Summary

  • Rare opportunity to acquire a Marriott-branded Courtyard hospitality property that offers 90 keys in the premium Wichita, Kansas, submarket.
  • Tours by appointment only on August 13th and August 14th. Contact listing broker to schedule.
  • Offers a premium location with access to crucial demand drivers for both business and leisure travelers.
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  • Courtyard Wichita East is an amenity-filled hotel with superb brand recognition and a loyal guest base.
  • Easily accessible via Kansas Highway 96 and just 17 miles from Wichita's Dwight D. Eisenhower National Airport.
  • Includes a vast array of amenities, such as an on-site bistro and bar, a convenience store, an indoor pool, a fitness center, and hotel-wide Wi-Fi.

Contact Us

Joseph Marais
Joseph Marais
Property Agent, here to help.

Contact Us

Joseph Marais
Joseph Marais
Property Agent, here to help.

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Description

The Courtyard Wichita East is a limited-service hotel located at 2975 North Webb Road in Wichita, Kansas. The property is a three-story, interior corridor hotel that opened in April 2000. The Hotel has a bistro and bar, an outdoor patio, a convenience store, a restaurant, guest laundry facilities, a meeting space, a fitness center, an indoor pool, and hotel-wide Wi-Fi access. The property offers 90 non-smoking guestrooms with both king and queen beds. Guestrooms include flat-screen televisions, work desks, ergonomic chairs, microwaves, mini-fridges, and coffeemakers. Between 2021 and 2023, the property underwent maintenance and improvements, which caused 3,890 room nights to be out of service, which is reflected in performance during that period. There was also a change of management in October 2023.

The hotel is easily accessible with excellent visibility from Kansas Highway 96, 9 miles from downtown Wichita, and 17 miles from Wichita's Dwight D. Eisenhower National Airport. The hotel is ideally located for both business and leisure travelers, near tourist attractions such as the Sedgwick County Zoo, Botanica: The Wichita Gardens, the Museum of World Treasures, Old Cowtown Museum, Exploration Place, the Wichita Art Museum, the Kansas Aviation Museum, and more. Nearby large area employers include Wichita State University, Boeing, Koch Industries, Beechcraft-Textron, FlightSafety, Cessna, and others. Historically known as the Air Capital of the World, Wichita has been a significant center for aircraft manufacturing and is home to companies like Boeing, Beechcraft, Cessna, and Spirit AeroSystems. These companies play a crucial role in designing, manufacturing, and maintaining aircraft components. The city’s economy has diversified, with contributions from healthcare, education, and other industries. Beyond aviation, Wichita has a diverse manufacturing sector, including the production of machinery, metal products, and food products. Healthcare is Wichita’s second-largest industry, employing approximately 27,000+ people locally.

Wichita is a large hotel submarket with approximately 10,000+ rooms spread over 142 properties. The submarket is characterized by slightly smaller hotels, with 73 rooms-per-building versus the 90 rooms-per-building national average. With trailing 12-month occupancies at 60 %, Wichita exceeds the market average of 55 % for the same period. As of December, the 12-month average RevPAR in the Wichita hotel submarket was up 8.9 percent, which aligns with the similarly impressive market-wide average. The 280 rooms currently underway in the Wichita submarket represent a 2.6% expansion to the existing inventory. This represents the continuation of new development in the submarket. Within the past three years, several projects were delivered containing approximately 500 rooms.
Tours by appointment only on August 13th and August 14th. Contact listing broker to schedule.
Listed by Wes Schlobohm with Keller Williams Legacy Partners, Inc., License #BR00223584

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*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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