Warmbrodt Hotel Investments Announces Sale of the Ramada Inn & Conference Center Hutchinson, KS
Warmbrodt Hotel Investments (WHI) announced today they closed the sale of the Ramada Inn & Conference Center in Hutchinson, KS. The property was in receivership and sold to a regional full service hotel investor for an undisclosed price. The purchaser will renovate the property with significant upgrades.
The hotel and Conference Center is a 215 guestroom, two-story, full-service hotel built in 1977. It features nine meeting/banquet rooms, 6,000 square feet atrium area and Grand Slam Sport Bar. The Conference Center is the largest in the area and can service small business meetings to national trade shows with banquet seating up to 1,200 and theater seating up to 2,100. Hutchinson is just 44 miles from Wichita. Hutchinson Municipal Airport is two miles from the hotel.
“Cooperation by the receiver, lender, and buyer helped overcome the challenges of the property,” commented Zane Varvel, Vice President of WHI. “The property performed consistently over the past several years, with new ownership investing significantly to enhance the hotel’s presence in the Hutchinson community.”