The City of Topeka announced in a press release on July 15 the Hotel Topeka may have a potential buyer secured for the building. The Wichita-based group Endeavor Hotel Group has sent a Letter of Intent for the purchase of the hotel. “Our team is excited to add the Hotel Topeka to our portfolio,” said President and CEO of Endeavor Roy Arnold. “We have a clear vision intended to create value for the community and to make Topeka a preferred destination for regional conferences and events.” Endeavor Hotel Group has plans to invest $6 million for the rehab of the hotel and envisions spending $2 million to supplement operations until the property is stabilized.
Read more: KSNT 27 News
