The City of Topeka was successful in making the winning auction bid on Wednesday to purchase Hotel Topeka at City Center for $7.6 million.
Purchase documents are still being finalized, and the sale is not final until that process is complete.
On May 30, the Governing Body authorized $8 million in bonds to purchase the hotel. The city’s intent is to bond the purchase price for the hotel, and work collaboratively with private partners and industry experts to determine how to best proceed with re-developing the property.