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Fairfield Inn & Suites Hutchinson 1111 N Lorraine St 89 Room Hotel Hutchinson, KS 67501 $12,009,200 CAD ($134,935 CAD/Room) 9.83% Cap Rate
Investment Highlights
- Recently completed Property Improvement Plan (2022) ensures turn-key condition and mitigates near-term capital needs.
- NOI projected at $860,000 by 2025, driven by stabilizing occupancy and strong local demand generators.
- Located in a concentrated retail hub near major corporate operators and the Kansas State Fairgrounds.
- Offered at an attractive basis—approximately $98K per key, significantly below replacement cost.
- Premium Marriott brand with 89 keys and full amenities including indoor pool, spa, fitness center, and business center.
- Less than an hour from Dwight D. Eisenhower National Airport in Wichita, enhancing regional accessibility.
Executive Summary
This 89-room Fairfield Inn & Suites by Marriott offers a compelling hospitality investment opportunity in the highly visible retail and corporate corridor of Hutchinson, Kansas. Recently upgraded through a Property Improvement Plan completed in 2022, the asset presents investors with operational stability and future upside as revenue strengthens following the October 2025 opening of the new Hilton Garden Inn Conference Center.
Positioned in a market supported by strong corporate demand generators—including Dillon’s (Kroger), Tyson, Siemens Wind Power, and Hutchinson Regional Healthcare—plus major attractions such as the Kansas State Fair and the nationally recognized Cosmosphere space museum, the property experiences consistent traveler inflows. Hutchinson is a robust hospitality market with a population base of approximately 43,000 and benefits from being only 45 minutes from Dwight D. Eisenhower National Airport in Wichita.
The property produces solid returns backed by strong top-line performance, with projected revenue of $2.4 million and net operating income of $860,000 in 2025 (including management fee). Offered at approximately 40% below the cost of a comparable new build, this is an appealing option for investors seeking a premium branded hotel at favorable pricing in a steadily growing market.
Positioned in a market supported by strong corporate demand generators—including Dillon’s (Kroger), Tyson, Siemens Wind Power, and Hutchinson Regional Healthcare—plus major attractions such as the Kansas State Fair and the nationally recognized Cosmosphere space museum, the property experiences consistent traveler inflows. Hutchinson is a robust hospitality market with a population base of approximately 43,000 and benefits from being only 45 minutes from Dwight D. Eisenhower National Airport in Wichita.
The property produces solid returns backed by strong top-line performance, with projected revenue of $2.4 million and net operating income of $860,000 in 2025 (including management fee). Offered at approximately 40% below the cost of a comparable new build, this is an appealing option for investors seeking a premium branded hotel at favorable pricing in a steadily growing market.
Property Facts
| Price | $12,009,200 CAD | Building Size | 54,813 SF |
| Price Per Room | $134,935 CAD | No. Rooms | 89 |
| Sale Type | Investment | No. Stories | 4 |
| Cap Rate | 9.83% | Year Built | 2012 |
| Property Type | Hospitality | Parking Ratio | 1.57/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 1.71 AC | ||
| Zoning | I1 - Light Industrial District | ||
| Price | $12,009,200 CAD |
| Price Per Room | $134,935 CAD |
| Sale Type | Investment |
| Cap Rate | 9.83% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.71 AC |
| Building Size | 54,813 SF |
| No. Rooms | 89 |
| No. Stories | 4 |
| Year Built | 2012 |
| Parking Ratio | 1.57/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | I1 - Light Industrial District |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 18 | $204.50 CAD | - |
| Guest Room | 71 | $183.91 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 133-07-0-10-24-017.00 | Improvements Assessment | $2,151,715 CAD |
| Land Assessment | $114,110 CAD | Total Assessment | $2,265,825 CAD |
Property Taxes
Parcel Number
133-07-0-10-24-017.00
Land Assessment
$114,110 CAD
Improvements Assessment
$2,151,715 CAD
Total Assessment
$2,265,825 CAD
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Fairfield Inn & Suites Hutchinson | 1111 N Lorraine St
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