deal image
15 W 4th AveHutchinson, KS 67501
OYO Hotel (West 4th Ave)
Asset ClassHotel & Hospitality
Deal Size$1.5 M
overview of deal

Overview

NewGen Advisory is pleased to announce the successful sale of a 95-room hotel in Hutchinson, KS (formerly OYO-flagged). Nirav secured a solid multifamily investor and guided both sides to a smooth closing in just 45 days. The buyer has dropped the franchise and plans to convert the property into long-term apartment rentals, bringing much-needed extended-stay housing to the community. Congratulations to both the buyer and seller on a successful transaction!

Access the Data Room

Investment Highlights

  • Year-over-year revenue growth
  • 2022 Revenue - $967K
  • 2023 Revenue - $1.07M
  • 2024 Revenue - $1.12M
  • Offered at 2.85x gross; 10% cap rate
  • Fully renovated; PIP completed January 2024
  • Zoned CG for multi-family reposition play
  • Restaurant & Bar - liquor license sold separately
  • 2,909 SF Meeting Space | Indoor Pool | Fitness Center
15 W 4th AveHutchinson, KS 67501

Sales Team

Dinesh "Dan" RamaQualifying Broker

License #: NM #20316

deal image

Inquire

Listing provided by LightBox Revere