The Marriott TownePlace Suites at K-96 and Webb Road has sold.
Craig Smith’s MSS of Wichita sold the property to TGC - TPS Wichita, a subsidiary of Wichita-based TGC Development Group led by Nick Esterline.
“We are excited to own and manage such a well-established hotel,” Esterline said in a statement.
His group plans “significant” renovations to the three-story, 82-room hotel, which has fitness and business centers and an outdoor courtyard.
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“We are committed to making the guest experience better than it has ever been.”
TGC Hospitality Management, a division of TGC Development Group, will manage the hotel.
Jim Korroch, director of the hospitality division of Landmark Commercial Real Estate, represented TGC - TPS Wichita.
“Landmark was pleased to assist in a transaction of such a strong branded Marriott hotel,” Korroch said in a statement. “The new ownership is committed to improving on the success the hotel has had for years to come.”