We are looking for an equity or development partner(s) for our proposed 65 room Country Inn & Suites project located at US Hwy 54 and Oliver in Wichita, KS. Depending on loan terms the additional equity needed could range from $800,000 to $1,200,000. Also, we are willing to contribute our land and take a passive position in the project.
The hotel site is part of an urban redevelopment located almost in the middle of Wichita, at the highest traffic count intersection in the city. The development is less than 5 minutes from downtown and 10 minutes from Wichita Mid-Continent Airport. Other demand generators located nearby include 2 major hospitals, the Bob Dole VA Hospital, Wichita State University, Spirit Aerosystems, Hawker Beechcraft and McConnell AFB. US Hwy 54 (aka Kellogg) is the major East-West highway running through Wichita, providing quick access to the entire city.
If anyone is interested they can email me, jeff.walenta@grubb-ellis.com, and I would be happy to share the redevelopment site concept plan and area map, as well as answer any questions.
Thanks,
Jeff Walenta
Broker/Owner
Commercial Specialist
Grubb & Ellis
Martens Commercial Group, LLC
435 S. Broadway, Wichita, Kansas, 67202
Main: 316-262-0000 Ÿ Fax 316-262-0235 Ÿ Direct: 316-847-4925
jeff.walenta@grubb-ellis.com
http://www.buildingkansas.com/