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Best Western Kansas City Inn and Rainbow Village Shopping Center - Kansas City, Kansas

The BW KC Inn and the Rainbow Village Shopping Center offer over $800K in cash flow. At the asking price, the cash on cash return should exceed 20%!! Can be purchased separately.

Property Summary

Location 501 Southwest Blvd
Kansas City, Kansas
Price $5,700,000(hotel) and $1,975,000 (shopping center)
Rooms 112
Price Per Key $50,892
Property Type Limited service hotel and neighborhood shopping center
Revenue Call or email for CA

Contact Listing Broker for More Details

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Executive Summary

The Best Western Kansas City Inn and the Rainbow Village Shopping Center together, feature an uncommon cash flow investment opportunity.  Together, the cash flow exceeds $800K.  These investment properties represent the ability to diversify risk, between the two different business models.  Furthermore, the offerings represent the attributes investors look for....that is, cash flow and location.  It offers an interstate location, barriers of entry, and is centrally located near many of the demand generators in mid town KC.

 Furthermore, the rapidly expanding KU Medical Center is located less than a quarter of a mile away.  The hotel is also nearby the prestigious Country Club Plaza, Westport and Crown Center.   Whether hotel or shopping center, finding a suitable competitive development site in this area would be very expensive and difficult.

The hotel has been totally renovated to the extent that is has achieved QA scores in the 980's, which is exceptional for a property of this type.   We have listed a number of Best Western hotels.  This one is one of the nicest and is located in one of those areas that is protected from competition by the cost to develop.

The Rainbow Village Shopping Center is approximately 30,000 sq. ft. and is anchored by an Applebee's.  It is 90% occupied and provides a cash flow of $150K.

If you tour this hotel and view the potential of the shopping center, we are convinced you will be impressed. 

 

Additional Photos


Hotel Description

Best Western:
  • New case goods
  • New baths, including granite, surrounds and tile floors
  • New carpet throughout
  • New lighting package and drapery package
  • New soft seating
  • Total window replacement within the last 5 years
  • New roofs throughout (hotel)
  • Selected microwaves and mini-fridges
  • Improved landscaping
  • Reseal and re-striped parking

Contact Leisure Real Estate

Brent A. Jaynes
913-499-4731
bjaynes@leisurerealestate.com

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