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Topeka Hotel Short $500K: How Did Topeka Leaders Vote?

Topeka's government has nearly used up the $500,000 allocated for operating and maintaining Hotel Topeka, which it bought last year. The city council approved the purchase in May.

by Mark Eisenberg
Wed, Feb 7, 2024 7:56pm
in Business
• 2 mins read
14.8k
Topeka Hotel Short 0K: How Did Topeka Leaders Vote? | FinOracle

Photo: Finoracle.me

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Topeka City-Owned Hotel Struggles to Maintain Occupancy Levels

Topeka city officials announced that the city-owned Hotel Topeka faced a decline in occupancy rates during the weekend following the Washburn Open track meet held at Washburn University. While 196 out of the 224 rooms were rented on Friday night, only 107 rooms were filled on Saturday night after the meet ended. These figures highlight the challenges the city is facing in running the hotel and finding a long-term operator.

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Tags: AIARAsset managementBuildingCESCompanyCorporationCostFinanceFundingHotelHotelsIdeaInformationInsuranceManagementManagingMoneyOwnershipPotentialPropertyUSVehicleWashburn University
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