Hotel Brokers of America is excited to offer the 89-room Fairfield Inn & Suites located in Hutchinson, Kansas. This hotel is the second newest in the market and the most recently renovated property. The hotel shows very well in person and online through its photos. The Marriott Franchise and Marriott Bonvoy rewards program is incredibly popular amongst guests and makes this an excellent opportunity in the hotel space whether you’re moving up in the hotel space or acquiring an additional Marriott hotel.

Highlights & Location:

• The Fairfield in Hutchinson maintains an impressive $110 plus ADR and the overall market maintains this as well. Maintaining this high of an ADR is a huge benefit in any market and would cost any buyer significantly more in a larger market such as Dallas or Kansas City.
• The T-12 ADR for Fairfield is a strong $113, making this a top-performing market in the state of Kansas.
• The Occupancy is at 63.7% for 2024 thus far. It is doing about 10% better than the total competitive set.
• The hotel sits at 4 of 6 in occupancy and 3 of 6 in ADR in regards to the competitive set. As the Marriott in the market, the hotel should be the top performer if not the 2nd best.
• These numbers reflect that Fairfield needs ownership who will provide direct and hands-on management.
• With a hands-on approach, the hotel will move up in rank and profitability.
• Even at current numbers, the NOI is in line with the national average at 36%, which shows great profitability as is.
• RevPAR: Achieving 115.1% of the competitive sets RevPAR in 2022, your property sustained its performance despite challenges, maintaining the 2nd position. It rebounded to 95.7% in 2024.

• Corporate Demand Generators: Hutchinson, Kansas, and its surrounding area are supported by a mix of industries, with several major employers contributing to the local economy. Some of the notable employers near Hutchinson include:
  • Siemens Gamesa Renewable Energy: Siemens Gamesa operates a wind turbine manufacturing plant in Hutchinson, employing a significant number of residents. The plant produces wind turbine blades and contributes to the renewable energy sector.
  • Hutchinson Regional Healthcare System: Hutchinson Regional Healthcare System is a major healthcare provider in the region, offering medical services, including hospital care, emergency services, and specialty clinics. It is a significant employer in the healthcare sector.
  • Hutchinson Community College: Hutchinson Community College provides higher education and vocational training to students in the area. The college employs faculty and staff across various academic and administrative departments.
  • Dillon Stores (Kroger): Dillon Stores, a subsidiary of Kroger, operates several grocery stores in Hutchinson and the surrounding area. It is a significant employer in the retail sector, providing jobs in sales, management, and support positions.
  • Collins Aerospace: Collins Aerospace, a division of Raytheon Technologies, has a facility in nearby Wichita, which is within commuting distance of Hutchinson. The company specializes in aerospace and defense technologies and may indirectly contribute to local employment opportunities.
  • Agricultural Industry: Hutchinson and its surrounding area have a strong agricultural presence, with numerous farms, agricultural businesses, and related industries. These include grain processing facilities, agricultural equipment manufacturers, and agribusiness service providers.
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• Major Cities:  Hutchinson, Kansas, is situated in Reno County in the central part of the state. While it's not directly adjacent to major metropolitan areas, there are several significant cities within a reasonable driving distance:
  • Wichita, Kansas
  • Salina, Kansas
  • Topeka, Kansas
  • Kansas City, Kansas/Missouri

• Priced at $9,900,000
• Fully PIP Complete
• Interstate Location
• Marriott Brand- Highly Sought After
• Central Location
• $110 PLUS ADR Market

• OCC Best Of Compset for 2024