Hotel Topeka at City Center, KS

Listing Agents

Lora Simpson
T | 515.729.4516

Adam Montufar
T | 515.446.4181

Kami Burnette
T | 512.574.1786

Detailed Information
Property Highlights
  • Fee simple interest in the receiver-managed 224-room Hotel City Center Topeka, KS available at a fraction of replacement cost
  • Hotel will be sold unencumbered of management and brand during the June 7th auction event on Ten-X
  • Property has been under court-appointed receivership since June 2021, affording the opportunity to capitalize on immediate operational upside
  • T12 Feb. ’23 RevPar has increased 30.1% since YE 2021 and is reflective of positive demand momentum in the Topeka market
  • Several attractive franchise options exist within the Hilton and Wyndham brand families among others
  • The hotel is situated on the 80-acre Stormont Vail Events Center campus adjacent to Maner Conference Centre
  • Ideally located along SW Topeka Blvd, the property is within walking distance of downtown Topeka and the Kansas State Capitol Building complex
  • Convenient to all broader Topeka demand including West Ridge Mall, Stormont-Vail Hospital, Washburn University, and the $100MM Wheatfield Village mixed-use development
  • Topeka is the state capital of Kansas and located directly west of approximately 2.17MM residents in the Kansas City MSA
  • Topeka is ranked 4th in the Wall Street Journal’s 2023 Emerging Housing Market Index, which identifies top metros with an appreciating housing market, strong local economy, and appealing lifestyle amenities
  • Optimal time to be investing in Topeka alongside several projects including the $125MM Goodyear Tire & Rubber Co., and $175MM Mars Wrigley, manufacturing plant expansions among several others

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