3100 El Dorado AveEl Dorado, KS 67042

For Sale
$6,700,000

66-Key Hotel, Prime Location, Strong Returns

Overview

Added:
Dec 11, 2024
Days on market:
92
This 66-key Holiday Inn Express & Suites in El Dorado, Kansas, presents a compelling investment opportunity. Built in 2007 and situated conveniently off I-35, the hotel benefits from its proximity to both El Dorado's local attractions (El Dorado Lake & State Park, El Dorado Civic Center, Butler Community College, and major employers like Frontier Refinery, Magellan, and Chicago Bridge and Iron) and the larger Wichita metro area (population ~650,000). The Wichita area offers additional demand generators including Wichita State University, Dwight D. Eisenhower National Airport, McConnell Air Force Base, and significant corporate presence (Spirit Aerosystems, Textron Aviation, Koch Industries). The hotel features an indoor pool, fitness center, and business center. The property has demonstrated consistent strong financial performance over the past three years. The nearly completed IHG Formula Blue PIP enhances its appeal and value. This represents a chance to acquire a premier-branded hotel in a growing market at a price well below replacement cost. The property is located at 3100 El Dorado Ave, El Dorado, KS 67042. The asking price is $6,700,000.

Highlights

  • $6,700,000 asking price for a 66-key Holiday Inn Express & Suites.
  • 2007-built hotel located off I-35, approximately 25 miles from Wichita, KS.
  • Convenient to El Dorado's local demand generators, including El Dorado Lake & State Park, and within the Wichita Metro Area.
  • Strong historical performance over the past two years, offered below replacement cost.
  • Features include an indoor pool, fitness center, and business center; nearly completed IHG Formula Blue PIP.

Location Insight

City
El Dorado
County
Butler
State
Kansas
Latitude
37.8158154
Longitude
-96.8998268
3100 El Dorado Ave, El Dorado, Kansas

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3100 El Dorado Ave
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