WHI Announces Sale of the Holiday Inn Olathe Medical Center, Olathe, KS
Warmbrodt Hotel Investments announced today they closed the sale of the Holiday Inn Olathe Medical Center, Olathe, KS. The interior-corridor, two-story building consists of 68,210 square feet and 154 rooms. The location is 101 W 151st Street in Olathe, KS on the northwest quadrant of Interstate 35 and Highway 169. The purchaser is converting the property to an independent living/assisted living, skilled nursing and memory care facility.
“The property had many attributes for the conversion to this alternative use including excellent location next to a regional hospital, excess land for expansion of health care specific facilities and room layouts for conversion to suites in the independent and assisted living areas. WHI recognized these attributes and was able to market successfully to investors in this industry, and achieve excellent pricing for both parties,” commented Herb Warmbrodt, President of WHI.