Institutional Seller | Courtyard Topeka

Starting Bid $1,250,000

Auctioneer: Richard Shawn Terrel

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 00216208

• I-470/I-70 Interchange, High-Visibility Corridor: Positioned at a primary central U.S. east-west corridor with strong transient visibility and interstate access from Utah to Maryland.
• 90-Room Courtyard by Marriott, Fee Simple: Institutionally owned and managed, offered unencumbered by management for immediate full operational control at close.
• Adjacent to $48M West Ridge Mall Revitalization: Mixed-use redevelopment targeting 1,000+ on-site employees by 2027 will meaningfully expand the Hotel's proximate demand base.
• Exterior CapEx Completed by Current Ownership: Recently finished brand-mandated exterior reimaging reduces near-term capital requirements and protects early cash flow.
• 75% RevPAR Penetration — 4th of 5 in Comp Set: Clear performance gap versus competitors indicates meaningful upside for an operator focused on revenue management execution.
• 270M-Member Marriott Bonvoy Loyalty Program: Courtyard affiliation drives consistent booking demand through one of the world's largest hospitality loyalty networks.

RealINSIGHT Marketplace, in partnership with HREC Investment Advisors, is pleased to present 2033 SW Wanamaker Rd, Topeka, KS — a 90-room Courtyard by Marriott select-service hotel offered fee simple and free and clear of management. The Property is institutionally owned and managed, well-located along Interstate 470 less than two miles south of I-70, and has benefited from a recently completed exterior reimaging that satisfies near-term brand requirements and reduces upfront CapEx obligations for a new owner.

The Hotel draws from a deep and diversified demand base including major distribution and manufacturing operations from Goodyear, Target, Mars, Frito-Lay, and The J.M. Smucker Company, as well as healthcare demand from Stormont Vail Health and The University of Kansas Health System St. Francis Campus. Washburn University and Topeka's role as the Kansas state capital provide additional government and education-driven room nights. The adjacent West Ridge Mall — undergoing a $48 million county-backed mixed-use revitalization targeting 1,000+ on-site employees by 2027 — represents a near-term demand catalyst. Despite these fundamentals, the Courtyard currently ranks 4th of 5 in its competitive set at 75% RevPAR penetration, representing a clearly identified upside opportunity for an operationally focused buyer.