Leisure Real Estate Blog

Is meth the new "Mold"

Thursday, August 25 2016 8:58 AM
Categorized In General Comments

The manufacturing of methamphetame leaves residues that can be quite toxic.  As a result, regulations have been

instituted to protect the public from housing where previous meth use and manufacturing took place.   The original meth regulations

were brought to be through the extensive use of residual housing to manufacture the meth products.  Meth use and manufacturing

has become more prevalent in multifamily, commerial real estate and hotels.  Depending on the state, a meth discovery in your property

can initiate a series of local or state regulations to determine whether meth is present and what needs to be done if it is.  William Frye posted

a brief article in the online version of Lodging,which should get you thinking about investigating the mandatory protocols that could affect your

property if a meth discovery is made at your hotel.  Here is the link:  http://lodgingmagazine.com/meth-labs-a-dangerous-hotel-challenge/

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ADA compliance

Tuesday, May 31 2016 3:25 PM
Categorized In General Comments

In the past, I have written about a variety of ADA (Americans with Disabilities Act) articles penned by others, including attorneys with ADA specialties.

I have always been a big fan of Jim Butler and his global hospitality team, JMBM, based in CA.   I don't often run at

Jim's level of the hospitality business, but his blogs and website have been a wealth of information to myself and many of my

clients.  In this case, Jim has coauthored an ebook (with his partner Martin Orlack) on ADA compliance that has a wealth of information

in it.  I have included a link to the ebook and I would suggest that you take some time to review its contents.

I guarantee you will learn something that could possibly save you a lot of money.

http://www.jmbm.com/ada-representation.html

 

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Have we reached the price peak

Friday, April 8 2016 8:56 AM
Categorized In General Comments

For those of us who have been in this business long enough to experience numerous cycles, they all have similarities.  Since the recession, we have come off several years of significant expansion, including escalating prices.  Although we are emerging from a much deeper hole than past cycles, the expansion has been notable.  I am often asked by owners, if we at at the top of the cycle, and what do things look like going forward.  Based on past cycles, signs are beginning to appear that indicate a flattening of prices due to increased supply, performance issues related to various lagging business segments and tightening of credit markets.  Those signs have occured in every cycle since the 80's and foretold of a slowing in the expansion or at least the escalation in prices..  

My observations are very similar to those espoused by panelists at the Hunter Hotel Conference, and published in an online article in HotelNewNow.

I would be interested to hear if anyone has the same perceptions or differing opinions.

http://www.hotelnewsnow.com/Articles/36836/Panelists-Supply-surge-affects-hotel-values-cap-rates

 

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AirBnB

Wednesday, March 30 2016 11:31 AM
Categorized In General Comments

Many hoteliers I talk to are not that concerned about the impact of AirBnB.  However, our location in the Midwest

might have something to do with that response.  If you are in a gateway city or similar high profile destination, you might think

differently.  Check out the article posted in Hositality Business News regarding the Penn State University's study on Phoenix.  AirBnB is

becoming hard to ignore.

http://hospitalitybusinessnews.com/20160324925/ahla-whines-over-airbnb

The link to the full Penn State study follows:

http://www.ahla.com/uploadedFiles/_Common/pdf/Phoenix_Report_PSU.pdf

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ADA lawsuits

Friday, March 11 2016 10:46 AM
Categorized In General Comments

My colleagues and I are inside more hotels than most people.  And we rountinely see defieciecies relating to the American Disabilities Act.

I am not an expert on the Act and therefore, I do not know if the deficencies are related to the "reasonable accomodation" standards.

However, I highly suspect many do not meet that standard.  In an article published in Hospitality.net newletter, Matt Anderson of the law firm Jaburg Wilks in

Phoenix, published a brief article regarding the "tester" ADA lawsuits in AZ.  I found his comments very informative.

http://www.hospitalitynet.org/news/4074551.html

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Lenders' caution?

Tuesday, February 9 2016 9:09 AM
Categorized In General Comments

For those of us who have experienced multiple real estate cycles, we are looking for signs of overheating,

and we are not the only ones.  Lender's are too.  The following links to an article by Fitch Ratings posted on Hotel Online,

provides an overview you might find interesting.

http://zmaildirect.com/tr/d/m3b737z3ad37z32v32h33938j35632837l32l00/109/435119 

 

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New web design

Saturday, February 7 2015 11:22 AM
Categorized In General Comments

If you have browsed our website before, you may have noticed that we recently launched our new website design.  We are commited to provide our visitors with an easy to navigate site.  Furthmore, we do not want you jump through hoops, just to review our listing portfolio, or to view basic, non confidential information.  You don't have to "register" or fill out a form.  If you choose to register for future announcements, we make it very easy.......................all you need is your name and email address.  Thanks for visiting us and please don't hesitate to call any of us with questions and commnents.

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Profitable Super 8 – Just 40 minutes from the KC Metro Area

Friday, February 6 2015 2:25 PM
Categorized In Real Estate

Calling all hotel buyers looking to buy a profitable Super 8 in the Midwest!  All too often we are asked to call a buyer if we pick up a listing in the metro Kansas City area.  In this case, the Super 8 in Atchison, Kansas  is located only 40 minutes north of the metro area.  Why doe we feel it is a good buy?

  • Absentee owned & employee run, so plenty of opportunity for an on-site owner to actually drive sales and connect with local businesses
  • Steady revenue over the past 4 years
  • $447,000 revenue in 2014  
  • Can be purchased for around 2.5x – a market price
  • Under performing its Comp Set
  • Plenty of cash flow to qualify for SBA Loan

Call or email us today for details.  This one is a money-maker in a town with little competition and built in demand generators!

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Price Reduction – Harper Motel in southern Kansas

Friday, January 23 2015 8:43 AM
Categorized In Property Updates

Leisure Real Estate Advisors, LLC announces a price reduction for the Harper Motel in Harper, KS.  This 22 key property, located just 40 minutes southwest of Wichita, is a perfect fit for a first time buyer.

Key selling points for this motel include:

  • Increasing revenue in both 2013 & 2014 ($237,000 in 2014)
  • Strong NOI of $90,000
  • Price Reduced to $495,000 - Only 2.1x 2014 RR!
  • Broad mix of business
  • Completed appraisal
  • Local bank willing to finance
  • Closing within 45 days
  • Quiet, safe community with excellent school system
  • Only 40 minutes from Wichita Airport
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Brent Jaynes designated as a CoStar Power Broker

Tuesday, October 14 2014 8:29 AM
Categorized In Real Estate

Brent has been made a recipient of the 2013 CoStar Power Broker award.  The award is given to brokers who are leaders in investment property sales and in Brent’s case, it is in hotel real estate.

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Price Reduction – Super 8 in Toledo, Iowa

Tuesday, November 5 2013 9:59 AM
Categorized In Real Estate

Leisure Real Estate Advisors, LLC announces a price reduction of the Super 8 in Toledo, Iowa.  The list price has been reduced by $125,000 to $1,325,000.

This 49 unit, 2-story Super 8 represents a solid opportunity to purchase a well established property in central Iowa.  The hotel is located directly on Iowa Highway 30, which is a heavily traveled state highway.

Area demand generators include a number of companies, including Meskwaki Casino, Pioneer Hi-Bred Agriculture, Tama Paperboard and 3 assisted healthcare facilities.  Toledo is the county seat of Tama County, providing steady government business.  There also is a state juvenile home in the area.

This property would be ideal for an owner/operator, offering strong cash flow, ease of operation and a quality of life community.

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New Hotel Opportunity at the Des Moines, IA Airport

Friday, October 11 2013 10:00 AM
Categorized In Real Estate

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Leisure Real Estate Advisors, LLC announces it has been retained as the exclusive marketing agent for the 128 key Days Inn & Suites located at the Des Moines, IA Airport.

“This Days Inn & Suites, located at the Des Moines Airport, carries all of the attributes of a quality hospitality investment,” says Dave Jones, Senior Investment Advisor for Leisure Real Estate Advisors.   “That is, a strong and growing market, superior cash flow and increasing revenue.  The property also is under performing its compset.”

The hotel, formerly a part of an independent Iowa chain, became a Days Inn & Suites in December 2010 and was totally renovated in 2011.  The owners have invested over $1M in capital improvements.  The hotel features 32” LCD TV’s, microwaves and mini fridges in all guestrooms, an indoor pool, fitness room and meeting room.

Des Moines, the capital of Iowa, is a growing city with many demand generators.  Southridge Mall, Blank Park Zoo, the State Capital & Civic Center are call close by.  Also, annual events such as the Iowa State Fair, World Pork Expo & Iowa State Wrestling Championships draw a huge amount of traffic to the area.

View the Full Executive Summary

Leisure Real Estate Advisors, LLC is based in metro Kansas City, with branch offices in Lincoln, NE and Jefferson City, MO, and has a specialty concentration in the marketing and sales of hotels.  Over its 15 year existence, the company has become one of the premier brokerage firms in the country and boasts collective closing volume of over 1 billion dollars.

For more information on this investment opportunity or to discuss the investment market in general, please direct your questions to:

Dave Jones

Senior Investment Advisor

Leisure Real Estate Advisors

Email

913-499-4725

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New Hotel Opportunity in Central Iowa

Friday, October 11 2013 9:32 AM
Categorized In Real Estate

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Leisure Real Estate Advisors, LLC announces it has been retained as the exclusive marketing agent for the 49 key Super 8 located in Toledo, IA.

“Super 8 is an excellent flag for mid-market investors,” says Dave Jones, Senior Investment Advisor with Leisure Real Estate Advisors.  ”The Super 8 in Toledo represents a solid opportunity to purchase a well established property with a solid NOI in central Iowa.  The hotel is located directly on Iowa Highway 30, which is a heavily traveled state highway.”

The hotel features a total of 49 rooms, including whirlpool suites and an oversized guestroom with a full kitchen.  All of the rooms have a mini-fridge and microwave, as well as NEW digital PTAC units and beds.  The breakfast area was also remodeled in 2012.

Toledo, IA is somewhat of a well kept secret.  It features a strong business climate with a number of companies, including Meskwaki Casino, Pioneer Hi-Bred Agriculture, Tama Paperboard and 3 assisted healthcare facilities.  Toledo is the county seat of Tama County, providing steady government business.  There also is a state juvenile home in the area.

This property would be ideal for an owner/operator, offering strong cash flow, ease of operation and a quality of life community.

View the Full Executive Summary

Leisure Real Estate Advisors, LLC is based in metro Kansas City, with branch offices in Lincoln, NE and Jefferson City, MO, and has a specialty concentration in the marketing and sales of hotels.  Over its 15 year existence, the company has become one of the premier brokerage firms in the country and boasts collective closing volume of over 1 billion dollars.

For more information on this investment opportunity or to discuss the investment market in general, please direct your questions to:

Dave Jones

Senior Investment Advisor     

Leisure Real Estate Advisors    

Email                                                                                                                         

913-499-4725

 

 

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New Hotel Opportunity in Dodge City Kansas

Monday, September 23 2013 8:20 AM
Categorized In Property Updates

Comfort Inn - Dodge City, Kansas

Leisure Real Estate Advisors, LLC announces it has been retained as exclusive marketing agent for a 54 key Comfort Inn located in the heart of Dodge City, KS

“Comfort Inn is a very attractive flag for mid-market investors and Dodge City is an active hospitality market,” says Brent A. Jaynes, managing partner of Leisure Real Estate Advisors. “Both of these factors will contribute to the marketability of this property. Having said that, however, the attractive cash flow will be the driving motivator for the eventual sale of the hotel,” he adds.

This Comfort Inn features a very nice curb appeal and is located in the heart of historic Dodge City on the main thoroughfare, Wyatt Earp Boulevard.  The hotel is only minutes away from historic city center, where the Boot Hill Museum is located.  The new Boot Hill Casino and the new United Wireless Arena are both located minutes to the west.  In addition to the many foregoing venues, the energy businesses of wind & oil are also major contributors to the hospitality business. The agribusiness sector has also been very strong with increases in demand for commodities and farm ground. Land prices in Kansas have experienced significant increases over the past 5 years.   The support services surrounding these activities continue to fuel business travel in Dodge City. Cargill and National Beef employ nearly 6000 folks in their two local beef processing plants.

This Comfort Inn offers an attractive top line revenue and a superior net income.  It is a classic size property for an on-site owner-operator or regional operator. The local market and the hotel lend themselves to a very nice hotel investment. “Jacob Quinn, co-listing agent out of the Kansas City office comments further, “The investment market has changed dramatically over the past twelve months. Cash flow has replaced distress assets as the preferred vehicle for investment and the Comfort Inn satisfies that need nicely.“

View the Full Executive Summary

Leisure Real Estate Advisors, LLC is based in metro Kansas City, with branch offices in Lincoln, NE and Jefferson City, MO, and has a specialty concentration in the marketing and sale of hotels. Over its 15 year existence, the company has become one of the premier hotel brokerage firms in the country and boasts collective closing volume of over 1 billion dollars.

For more information on this investment opportunity or to discuss the investment market in general, please direct your questions to:

Brent A. Jaynes
Managing Partner
Leisure Real Estate Advisors
Email 
913-894-5252 

Jacob Quinn
Hospitality Investment Advisor
Leisure Real Estate Advisors
Email
913-220-2667

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LREA Adds 3 New Hotels for Sale in Kansas

Monday, September 9 2013 8:16 AM
Categorized In Property Updates

Leisure Real Estate Advisors, LLC, is pleased to announce its appointment as exclusive marketing agent for three west-central Kansas hotels, the 71 unit Best Western Butterfield Inn, the 91 key America’s Best Value Inn – Vagabond, both in Hays, KS and the 58 unit Days Inn & Suites in Ellis, KS. All of the hotels are owned by the same family partnership group who has been operating in the area for over 40 years. While these hotels could be purchased together, they will be marketed individually.

“We are very pleased to have received this assignment,” says Brent A. Jaynes, co-founder of Leisure Real Estate Advisors. “We consider it a privilege to represent the members of this local family on these assets. They have built a reputation of leadership, quality and service in the hospitality business over many decades.”

Best Western Butterfield Inn - Hays, KansasBest Western Butterfield Inn – Hays, Kansas
The Best Western was completed in 2008 and features an upscale “sense of arrival” not seen in many Best Western hotels. A quick look at the exterior photos supports this assertion, in that the attractive finishes and architectural materials elevate this hotel to a market equal to an Express or Hampton. Furthermor the interior finishes portray the same impression as the exterior. The Hays market continues to be strong and this hotel has responded with a very nice top line revenue, even in the face of newer head to head competitors such as Hampton & Holiday Inn Express. Comfort Suites and Fairfield Inn are already in the market, which means that all of the major well known competitive brands are already in place. For additional information and photographs on this offering, you may access the executive summary by utilizing the following link: Best Western Executive Summary

America's Best Value Inn

America’s Best Value Inn
This ABVI offers a great location near the intersection of 27th & Vine, the busiest retail intersection in Hays. Although this hotel is south of I-70, it does offer a high traffic location.  This multi-building property was a former BW and has been well maintained.  Hays is known for its vibrant & regional business climate, including demand generators such as Fort Hays State University. The city also includes other major employers including Hays Regional Medical Center (220 beds) and those in agribusiness, manufacturing, and energy exploration and production. This hotel offers a number of distinct opportunities and alternatives, including subdivision into a hotel/rental operation, reflag, or a combination.  It is best suited for a owner-operator or a family operation. Also offered is an adjacent restaurant building that can be purchased with the hotel or separately. Hays is located in the highest oil production county in Kansas. For additional information and photographs on this offering, you may access the executive summary by utilizing the following link:  ABVI Executive Summary 

Days Inn & Suites - Ellis, KansasDays Inn & Suites – Ellis, Kansas
This extremely attractive Days Inn & Suites offers a great location and visibility right off Interstate 70. It is a newer property, built in 2010 and includes 59 modern guest rooms .  This is not a typical Days Inn, it offers finishes and features above and beyond those found in most Days Inns. It has achieved a 5 sunburst rating from Wyndham and 4.5 (out of 5) on TripAdisvor.  The hotel further benefits from a real estate tax abatement (7 years remaining) granted by the state and by the City of Ellis.  The tax abatement is transferable to a new owner with City approval.  Ellis, is only 11 miles west of Hays, which is the largest City in northwest Kansas, with an approximate population of 20,000. Ellis County is the largest oil producing county in Kansas, which is the 8th largest oil and gas production state in the country.
For additional information and photographs on this offering, you may access the executive summary by utilizing the following link:  Days Inn Executive Summary 

“Although different in their design, brand and clientele, all three of these properties offer a multitude of opportunities for new owners, all in a growing area with a vibrant economy and low unemployment”, comments Jacob Quinn, Hospitality Investment Advisor, based out of the Kansas City office

Leisure Real Estate Advisors, LLC is based in metro Kansas City, with branch offices in Lincoln, NE and Jefferson City, MO, and has a specialty concentration in the marketing and sale of hotels. Over its 15 year existence, the company has become one of the premier hotel brokerage firms in the country and boasts collective closing volume of over 1 billion dollars.

For more information on these investment opportunities or to discuss the investment market in general, please direct your questions to:

Brent A. Jaynes
Managing Partner
Leisure Real Estate Advisors
Email 
913-894-5252 

Jacob Quinn
Hospitality Investment Advisor
Leisure Real Estate Advisors
Email
913-220-2667

 

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Another Bank Owned Hotel in Kansas City Sold

Tuesday, August 20 2013 9:56 AM
Categorized In News & Updates

Holiday Inn Express - Bonner Springs Kansas

Leisure Real Estate Advisors, LLC, is very pleased to announce the successful closed sale of the Holiday Inn Express, Bonner Springs, KS. Bonner Springs is the first I-70 suburb as one approaches Kansas City from the West. Leisure Real Estate Advisors represented the Owner, Midamerican Investments, LLC, a REO subsidiary of a local regional bank. Dream Venture, Inc, a Phoenix based company, purchased the 63 unit hotel for an undisclosed price. The listing price was $3,800,000. “It is well known that a Holiday Inn Express branded hotel is a favored investment for mid-market hoteliers and anytime we list one, we will get activity,” comments Brent A. Jaynes, co-founder and managing partner of Leisure Real Estate Advisors. “This particular asset was bank owned and it attracted a lot of interest, however, it was bank owned for a reason”, observes Jaynes.

The Keys to the Deal – Mold, PIP, & Casualty Loss

Mold:
When the owner-lender reclaimed this hotel via foreclosure, it was soon thereafter discovered the hotel had a mold issue. The owner immediately responded by engaging a certified mold remediation company, with continued oversight from an environmental engineering firm. The remediation was accomplished and upon the completion of the project, the remediation was then again, tested and certified. As one would expect, during the remediation, the owner did not market the hotel for sale, which created a longer holding period than was originally planned. Fortunately for the owner, the hotel did perform well after the remediation, and it was decided to hold the asset for a period of time, in order to recoup some the remediation costs, via the cash flow. In this case, and because of the way the remediation and inspections were handled, the mold remediation did not affect the marketability of the hotel.

PIP:
To add “insult to injury”, this hotel, while certainly performing well, was given a 60 page PIP by IHG, in order to re-license the hotel for another 10 years. Remember, this is a 63 unit hotel. The estimates for the renovation were well over a million dollars, which did create at bit of an obstacle for any buyer, as well as the affect it had on value for the current owner. In the final analysis this deal hinged on a buyer who was not intimidated by the scope of the PIP and an owner that took a realistic view of the value of the asset, after the PIP was received. It was helpful that the buyer was an experienced IHG franchisee, and had the relationship necessary to a gain approval from IHG to move forward with the relicensing. Furthermore, the size of the PIP expense created a financing issue, in that the buyer and its lender had to become creative in order to structure the acquisition loan, of which included a significant portion of the PIP improvements.

Casualty Loss:
Unfortunately, the foregoing issues were not the only obstacles incurred prior to closing. Two weeks prior to the scheduled closing, a significant thunderstorm struck the area with heavy rains and high winds. The storm created water damage in the ceiling of the lobby and breakfast area. While the damage was not significant, it did create a timing issue related to a 1031 exchange. As a result, the damage issue had to be negotiated and handled prior to closing in order to avoid any mechanics lien issues that would cause the title company to exclude mechanics lien coverage from the title policy.

“Both of these parties worked very diligently to overcome the many and daunting obstacles in this deal path. They had a common objective and that was to get the deal done. Each party stuck with the process and saw it through. It would have been easy for either side to punt any number of times, but they did not,” says Jaynes.

For more information on this sale or to discuss the investment market in general, please direct your questions to:

Brent A. Jaynes
Managing Partner
Leisure Real Estate Advisors
bjaynes@leisurerealestate.com

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Newer Hampton Inn Available for Unusually Low Per Key Price!

Thursday, August 15 2013 1:10 PM
Categorized In Property Updates

Hampton Inn - Miami, OklahomaLeisure Real Estate Advisors, LLC, is very pleased to announce its appointment as exclusive marketing agent for the Miami Oklahoma Hampton Inn.  Miami is located in northeast OK, half way between Tulsa, OK and Springfield, MO.  It is an interstate hotel (I-44 and the Oklahoma Turnpike), with great access to the lakes and to the casinos.

“We are always excited when we receive a Hampton Inn assignment”, says Brent A. Jaynes, co-founder of Leisure Real Estate Advisors.  “The Hampton Inn brand is among the strongest mid-market brands, and it usually brings a high level of investor inquiry”, comments Jaynes.  “We have been fortunate, in that a significant number of Hampton owners have entrusted their hotels to us.”

This Hampton Inn is a 74 unit hotel located just off of Exit 313, I-44.  Built in 2007, it is the newest prototype and features all of the current design requirements by Hampton, including the breakfast area.  The “Perfect Mix Lobby” initiative was rolled out during construction and the owner re-designed the breakfast area late in the construction process at considerable expense, in order to comply.  It features easy access and visibility from heavily traveled I-44 and offers a location near 13 casinos owned by various Indian tribes of NE Oklahoma.  Northeast Oklahoma A&M College is also nearby.  Besides the newer build, the most appealing aspect of the offering is the price per key.  Priced at $63K per key, it is very difficult to find any newer Hampton Inn for under $80K per key.  Needless to say, you will be dealing with a motivated seller.  His primary business is not hotels, and this is the last one in his portfolio.  His goal is to reallocate his assets back into his core business.

“It goes without saying that anytime we list a Hampton, we look forward to these assignments, and this hotel is no exception.”, says Jaynes.  Mr. Jaynes further remarked, “Over the past year, this market has normalized a bit and has transitioned from a distressed mentality.  We are seeing a good deal of activity, which is quite encouraging.   I am quite confident the offering will attract attention”.

Leisure Real Estate Advisors, LLC is based in metro Kansas City, with branch offices in Lincoln, NE and Jefferson City, MO, and has a specialty concentration in the marketing and sale of hotels.  Over its 15 year existence, the company has become one of the premier hotel brokerage firms in the country and boasts collective closing volume of over 1 billion dollars.

View the Full Executive Summary

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Comfort Suites Wichita Airport – Deal Ilustration

Thursday, August 8 2013 8:42 AM
Categorized In Press Releases

Comfort Suites - Wichita Ks AirportLeisure Real Estate Advisors, LLC, is very pleased to announce the successful sale of the Comfort Suites hotel located at the Mid-Continent Airport, Wichita, KS. Leisure Real Estate Advisors represented the Owner, Ladiwala Hospitality, LLC, in the transaction. S&B Motels, Inc, a Wichita, KS based company, purchased the 78 unit hotel for an undisclosed price. The listing price was $6,600,000. “Because of its cash flow and location, this Comfort Suites featured an attractive top line revenue and cap rate. ,” comments Brent A. Jaynes, co-founder and managing partner of Leisure Real Estate Advisors. The airport market has historically been a one of the stronger markets in the area, and the introduction of Southwest Airlines to Mid-Continent in September was a secondary compelling factor in the transaction”, observes Jaynes.

Deal Illustration: Casualty Loss

Every deal seems to have a twist or turn that requires all parties to adjust to the circumstances presented during the deal path and the Comfort Suites was no different. Thirty days prior to closing the hotel experienced a casualty loss a result of water damage. A guest used a sprinkler head has a method to hang a set of clothes and the result was a fractured sprinkler head and hours of running water. The stream of water was fairly extensive and occurred on the 4th floor. Original assessments were that the damage was minor, but deeper investigation revealed additional damage, all resulting in additional sheet rock damage and retained moisture in the walls. In order to comply with the timeline of the 1031 Exchange, the parties had to get creative in finalizing the deal.

As one would expect, the only way to close in a timely fashion was to establish an escrow agreement and account to the satisfaction of the title company in order to issue mechanics lien coverage on the title policy. “Both of these parties and the Seller’s management company, Noble Hospitality, worked very diligently to remove the obstacles to this closing. It was team effort and a pleasure to work with folks that had the same objective in mind and stuck with the process.” says Jaynes. S&B will retain the Comfort Suites flag and will repair the damage and complete the PIP.

Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a specialty concentration in the marketing and sale of hotels. It also has branch offices in Lincoln, NE, Jefferson City, MO, and soon to have an office in Minnesota. Over its 15 year existence, the company has become one of the premier hotel brokerage firms in the central US.
For more information on this sale or to discuss the investment market in general, please direct your questions to:

Brent A. Jaynes
Managing Partner
Leisure Real Estate Advisors
bjaynes@leisurerealestate.com
913-499-4731

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LREA Appointed to Represent 2 More Properties in Missouri & Kansas

Wednesday, July 31 2013 2:22 PM
Categorized In Property Updates

Country Inn - Nevada Missouri

Leisure Real Estate Advisors, LLC, is pleased to announce its appointment as exclusive marketing agent for two central US hotels, one in Kansas and the other in southwest Missouri, both under different ownerships. The 68 unit Country Inn & Suites is located in Nevada, MO and the other hotel is a Kansas Holiday Inn Express Hotel & Suites.

“We are very pleased to have received both of these assignments”, says Brent A. Jaynes, co-founder of Leisure Real Estate Advisors. “The Country Inn & Suites represents one of the best cash flow, return on investment deals that we have in our listing portfolio.” The property is located on Interstate 49 between Kansas City and Joplin, MO (I-44), within a very active business town. Nevada is only about an hour and a half drive from the southern KC suburbs. It features a number of national companies, including 3M Corporation and American Standard and a 4 year private college, Coffey College.

HIE

The second hotel is Holiday Inn Express located in Kansas. “It is a confidential listing so I can’t go into detail. However, it is suffice to say that it the newer Express prototype and is a high revenue producer. It is also a ‘hotel & suites’ and features a number of attractive room types, says Jaynes. As folks in the hotel business know, the Express brand is highly sought after and has significant appeal to the investment community.”

Country Inn & Suites - View Full Executive Summary

Holiday Inn Express - View Full Executive Summary

Leisure Real Estate Advisors, LLC is based in metro Kansas City and has a specialty concentration in the marketing and sale of hotels. Over its 15 year existence, the company has become one of the premier hotel brokerage firms in the country.

For more information on this investment opportunity or to discuss the investment market in general, please direct your questions to:

Brent A. Jaynes
Managing Partner
Leisure Real Estate Advisors
bjaynes@leisurerealestate.com

913-894-5252 

Jason Dent
Investment Advisor
Leisure Real Estate Advisors
jason.dent@leisurerealestate.com

573-449-2700

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Looking Ahead to 2013!

Wednesday, January 16 2013 9:23 AM
Categorized In Real Estate

2012 was a very good year for Leisure Real Estate Advisors, with 2013 looking very positive.   One thing about hotel real estate that never seems to change………something is always happening with these assets.  Even with the economic uncertainty, within our firm the number of transactions for cash flow deals has increased while the number of bank owned listings is down.  This trend is good sign for the industry.  That is, just like housing, foreclosures affect the entire pricing structure.  As those hotel assets are purged from the system, the pricing should stabilize.  We anticipate continued improvement in the marketplace, with the emphasis on cash flow over distressed assets.

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